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June 17th, 2010: Update 1 – Pre-Market

Posted by pugsma on June 17, 2010

8:42am EST:  ES Futures dipped to 1104 (1108) but rebouned to 1117 (1121) overnight.  ES is still within the up channel but is starting to form a bear flag (bearish rising wedge).  I’m looking for a re-trace to the 1090 area for wave (2).  Dr Copper continues to fall and could be leading the SP-500 by a day or two.

ES Futures (8:36am):

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