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June 14th, 2010: Update 4 – Intra-Day Mid-Day

Posted by pugsma on June 14, 2010

12:32pm EST:  The first gap down from 1097 to 1106 is  closed.  SP-500 will likely take a bit of breather before attempting to close the 1106 to 1119 gap.  The gap up from 1092 to 1097 this morning should stay open if the aggressive move higher is to continue today.   And I have wave wave i-(3) labeled at 1083 as a key level to watch for any potential deeper pull-back from here.   The 200-day SMA at 1108 is an attractive target to close above for the bulls.

I updated the 15-min chart to have an even more aggressive up channel.

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=68c28801-5907-4374-b645-c50b088e13a9

SP-500 15-min Chart (12:15pm):

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