S&P 500 – September 6, 2011 – BMO

Futures market continue to be lively, lively being a very polite way of describing a dog’s breakfast

Lats post, I re-emphasized the 1160 level as a first small step by the bulls.

It is interesting that lively futures have come close but retreated below 1160

The large count I addressed in this post

http://www.markettimepremium.com/2011/09/05/sp-500-%E2%80%93-september-5-2011-%E2%80%93-waves/

smaller wave count seems to be on track from last post with a bit of extension on the way down. This is a 5-min chart of futures

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