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Friday, June 17, 2011

Intra-day: June 17, 2011

9:35 PDT

Watching the 5-minute on SPX.  If this little correction bounces here at 1269-1271.50, we'll complete an inverted H&S pattern and a bullish 5-0 pattern that could send SPX to 1300+.

Also, keep an eye on VIX.  It's possibly forming a H&S pattern that could send it to 17.30.

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