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June 14th, 2010: Update 1 – Pre-Market

Posted by pugsma on June 14, 2010

7:58am EST:  ES Futures have traded up to 1096 (1100 cash equiv) this morning.   The chart of the ES Futures indicate that we may already be in wave iii-(3), instead of i-(3).  We’ll have to watch how the market reacts at the 1105/1110 resistance band.  The strength and depth of the next pull-back will answer this question.  Remember the inverse head and shoulders target is the 1115/1120 area.

ES Futures 6-14-10 (7:42am):

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