Profunds index and sector trading

[nuclearpayload]

EDIT: Now that everyone is convinced to fade the futures at open, that's not going to work.

Have to agree. Everything is entering (or has been) overbought here. Even the daily indicator set that showed "go long" after 5/17 is overbought: stoch 99.46. Granted, that is just entering and the signal line is a little behind, but I would count on tomorrow being red. I also don't think any bull case is confirmed until we get above the highs of 1/20. Rally maybe, but bull market, no.

Of course, I must admit that I am giving this opinion based on the indicator set that I chose not to follow.