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Wednesday, June 02, 2010
The ES remains in a trading range extending from 1068 to 1095. At the moment the market is trading at the high of today's range estimate - 1085. I still think it likely that we shall see the 1060 level before a sustained rally begins. But tomorrow I will interpret any strength above today's high (which, so far, is 1086) as a sign that the move to 1300 is underway.