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S&P500

/ES Review as of August 31, 2010 (Pre-market)

This is a pre-market review of /ES

At this moment, /ES is showing a possible gap down from yesterday’s close on the Daily Chart.

Support is key at 1042. If it breaks this level, we have a confirmation for a bearish play with a target at around 1011.

You can see on the chart Chikou Span is sitting right on the previous Support level formed last Friday.

By iam802

Trend trading with Ichimoku