The stock market ended lower yesterday in a bad session. The bulls hopes of a follow through was cancelled just after few minutes of trading. The situation will continue to be risky during earnings season and pick the stocks wisely remains the name of the game.

The S&P is moving in a small bull flag and a potential pinnball play to the upper line is possible, but the reward poor. On the other side a break below the flag could trigger some follow through, so check the index closely before starting new long positions.

Chart Courtesy Of TeleChart®