Intraday Update 2 21 May 2010

Edit 13:00 PM EDT: OT: If anyone wanna play pacman... you can do that here: http://www.google.com/ : D

The ES hit the 38 % retracement level of wave 3 a few minutes ago, so wave 4 may have finished.

If we decline below ES 1066 we should get wave 5 down to 1020-30. Should we continue to rally though and even rally above ES 1113 the wave from 1175 has likely finished.

Updated count: