Apr 21st, 2011: Update 1 – Pre-market
Posted by pugsma on April 21, 2011
9:15 am EST: ES Futures rose to 1337.75 (1340.25 cash equiv.) overnight and are trading at 1334 (1337 cash equiv.) this morning.
I’m looking for wave v-(1) of minor 3-[5]-P3 to end in the 1340 to 1344 gap resistance band today, where wave v=i at 1343. The wave (2) could begin as early as this morning.
Resistance is at the 1340/1344 gap and then the 1363 pivot. Support is at the 1331/1333 gap open from this morning, the 1313/1319 gap and the 1315 pivot.
SP-500 5-min chart (EOD, 3-20-11):
Sorry, the comment form is closed at this time.