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June 17th, 2010: Update 3 – Intra-Day Morning 2

Posted by pugsma on June 17, 2010

11:03am EST:  So far the script form the Feb 2010 low is playing out in June 2010.  Right after the RSI recapatured the 34-day EMA above 1115 and the RSI peaked above the 50 mid-point, the SP-500 retraced back the 13-day EMA.  Back then the retrace happened over 3-day and the drop was from 1115 to 1085.  The 13-day EMA sets at 1094 today and my target for the retace is 1090.

SP-500 Daily Chandles (10:47am):

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