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July 20th, 2010: Update 1 – Pre-market

Posted by pugsma on July 20, 2010

8:55 am EST:  ES Futures have traded down to 1051 (1055 cash).   The 50% retrace sits at 1055 cash, so this has been tagged in the ES market.  Watching to see if the 1055 level holds up or if there will be test of the 62% retrace target of 1044 level, which is also key longer term support.

SP-500 15-min real-time link: http://www.freestockcharts.com?emailChartID=020e566b-7002-4f97-9354-4c29d5f31a88

ES Futures (8:37 am):

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