this is another reason to think maybe there is some rebound in the works in index futures. puts have let off steam, and the general direction at this peak level is calls to return for indices futures.
as the chart displays 4hr cumulative tick has swung from the lows to go above 0, and this likely means we are in for a pullback from the lows in the underlying nyse and indices. id wager we hit the upper horizontal if we stay above pivot meaning stocks are climbing, and lower horizontal if we sink below dashed line meaning stockas are falling more than rising on the 4hr.