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June 21st, 2010: Update 1 – Pre-Market

Posted by pugsma on June 21, 2010

8:35am EST:  The China currency news has spurred a big rise in the ES Futures that hit 1129 (1133 cash equiv).  The ES Futures are still channeling higher with the latest consolidation around ES 1115 (1119) looking like a triangle wave iv and the break out to ES 1129 looking like the break-out.  The cash market channel on my 15-min chart has a 1130 to 1140 target over the course of Monday.

ES Futures (8:22am):

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