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Sept 28th, 2010: Update 1 – Pre-market

Posted by pugsma on September 28, 2010

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.

8:35 am EST:  The ES futures dropped to 1132 (1137 cash equiv.) overnight and then bounced 10 points to ES 1142 (1147).  This shows the strength of the 1137 pivot that I have discussed at length.   If this 1137 pivot holds up in the cash market today, then we can expect the SP-500 to rally to new recovery highs above 1150 towards the 1168/1177 pivot area in the primary count wave iii-(3).  If the 1137 pivot fails, then expect a drop back to 1123 in wave c-(2) of the flat.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=e1a4b14a-6c3a-4515-8f25-e6b0190a74d0

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=6e9abfa5-8099-40b4-9f52-38a85f4fd9d1

ES Futures (8:12 am):

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