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June 1st, 2010: Update 3 – Intra-Day Afternoon

Posted by pugsma on June 1, 2010

2:10pm EST:  Continued consolidation around the 1090 neckline.  As long as the SP-500 stays above the 1065/1074 gap support, there is a good chance the wave (3) advance can get underway.  Below 1065 and I’m concerned there may be a drop below the 1041 low.

SP-500 15-min Chart (2:00pm):

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