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June 2nd, 2010: Update 2 – Intra-day Morning

Posted by pugsma on June 2, 2010

10:05am EST:  SP-500 is trying to find support above the 1065 to 1074 gap.   Needs to move above 1080 and back into the up-channel regain a postive bias.   Also, we need to see some impulsive upward waves here to believe that wave (3) is underway.   So far it still looks corrective , which means further drops are possible.  This may just be a back-test of the broken up-channel.

SP-500 15-min Chart Real-time link:  http://www.freestockcharts.com?emailChartID=3bf24cf3-c77c-4f2a-bbbf-898008348652

SP-500 15-min Chart:

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