Thursday 6/3/10 wrap up

Tried a little long day trade this morning that didn't pan out, pretty much breakeven on that.  Went long again at lunchtime when the 30 minute V Stoch hit bottom and started curling up, still holding that position, long ES @ 1194.50 with Stop Loss at today's low of 1090.75  Buy/Sell line remains in Buy mode.

Wave count hasn't changed much from yesterday, although it looks like we completed another w1 - w2 sequence at today's low, if that's true this thing needs to kick in gear soon.  The trendline down from the 4/26 highs remains a key level.  Currently (4:30 PM CST) it's at  ES 1117.00 and will be down to 1113.50 by end of day tomorrow.