12/8/10 - 9:13 AM Update

9:13 AM Update

Option 1b

This is the main count that I'm watching.
8:54 AM Update

10 Min

Looks pretty good so far. We'll see..

Pre Market

10 Min

Though my primary is different, this is the alternate count I'm watching carefully.

/ES

As posted last night, /ES appears to have formed five waves down for what is currently labeled a wave i or a. A projected 62% retracement would target approximately 1228 for wave ii or b.

If projecting for wave iii or c at 1228, wave iii or c = i or a at 1210.

/ES

The potential head and shoulders targets 1200.