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July 8th, 2010: Update 1 – Pre-Market

Posted by pugsma on July 8, 2010

7:55am EST:  ES Futures again traded in a tight range of 1055 to 1062 (1059 to 1066 cash) overnight.  There is clear upward channel now formed on the ES 60-min chart.   Any pull-back for wave-iv-(3) most hold the ES 1038 (1042 cash level).  I’m targeting 1071 to wave v-(3).

ES Futures (7:46am):

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