Jun 6, 2012

E-minis

Any pop above 1298.9 SPX would violate the count shown here as wave (iv) of [v] cannot overlap wave (i). The next count is that Minor 2 is beginning and will retrace a good portion of the entire decline from 1422 SPX.  

At this rate the opening will push 1300 as it is unless futures reverse in the next 4+ hours which they might.

Good Luck.

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