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June 2nd, 2010: Update 1 – Pre-Market

Posted by pugsma on June 2, 2010

8:40am EST:  ES Futures traded in a tight range 1067 to 1078 (1070 to 1081) overnight.  The key levels to watch are 1065 and 1090 in the cash markets.  A break below the 1065 gap and a fresh low below 1041 is very likely by the end of this week.  Conversely, if 1090 can taken and held, then the next target is 1115/20.

SP-500 ES Futures 60-min Chart (8:18am):

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