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Jan 11th, 2011: Update 1 – Pre-Market

Posted by pugsma on January 11, 2011

8:40 am EST:  ES Futures hit 1273 (1276 cash equiv.) overnight and a gap up open looks likely today.

Primary count is that wave iii-(5) is underway headed toward 1284/1288.

Support is at the 1257 pivot and resistance at the previous high of 1276/1278.

SP-500 5-min chart real-time link: http://www.freestockcharts.com?emailChartID=ccacae5f-8543-4777-9bc6-baae0c0f656f

SP-500 15-min chart real-time link: http://www.freestockcharts.com?emailChartID=1e51e527-41e8-4d53-94ea-9aea4e3df35f

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