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Dec 17th, 2010: Update 1 – Pre-market

Posted by pugsma on December 17, 2010

8:15 pm EST:  ES Futures were as flat overnight as I have ever seen them, staying between 1236-1238 (1240 to 1242 cash equiv.), and offering no clues for today.

As I said yesterday, today could break either way.  For the alternate count, weave ii-(5) could dip to about 1237 for c-ii-(5) before heading higher in iii-(5).

Support is at 1229 and resistance at 1245. 

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=3b01f651-5e1c-4660-bdc9-44eb19869a6c

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=7f4071af-e074-4753-962f-776b2b0e3526

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