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July 7th, 2010: Update 1 – Pre-Market

Posted by pugsma on July 7, 2010

9:25am EST:  ES Futures remained in a tight range of 1016 to 1024 (1020 to 1028 cash) overnight.  I’m looking for the 1015 level to hold as the low of wave (2)-1 and wave iii-(3)-1 to get underway with a target of 1050.  If 1015 is breached then a new low below 1010.91 is very likely for the alternate count.

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