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Sept 27th, 2010: Update 1 – Pre-market

Posted by pugsma on September 27, 2010

8:20 am EST:  Potential New Subscriber:   Enjoy the rest of September for free, as an example of the premium intra-day updates.  I’m offering October for a discounted rate of $20 (reg rate $30).  Just drop me an e-mail at pu_gridiron@yahoo.com to sign up.  Note: After October regular rates apply: $30 monthly or $75 per quarter.

8:15 am EST:  ES Futures traded up to 1149 (1154 cash equiv) overnight and then down to 1142 (1148) this morning. Looks like a flat open at this point.

The primary count is that wave i-(3) should extend up to the 1155 to 1158 are today, before a wave ii-(3) pull-back to just above the key 1137 pivot support.  Wave iii-(3) will target the 1191 area after the wave ii-(2) pull-back.

The alternate count is that wave (2) is playing out as a flat or expanded flat that will top in this 1149 to 1155 area and then head back down to the 1123 (regular flat)  to 1107 (expanded flat) area.   Before wave (3) gets underway.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=d2ac96ee-b326-4d89-a997-72d21521f24c

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=16295002-dfc6-4665-b3a9-a351bb4dfd4e

ES Futures (7:52 am):

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