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June 3rd, 2011: Update 1 – Morning

Posted by pugsma on June 3, 2011

10:35 am EST:  OK so I could not keep my promise about no intra-day posts.  So here is a quick one, showing the updated 15-min chart.

This is playing out exactly as I “speculated” and  hoped for in my comments last night.  A fresh new low at 1298 that is bought today, forcing covering by the shorts.

SP-500 15-min chart (10:27 am):

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