Monday, August 10, 2009

Today's Trading Recap: 08/04/09

HOW OUR DAY WENT: The lower open held just over the
993.00-992.50 support zone and turned up. A pop from
993.50 to 999.25 followed - a good start to our day.
After a pullback the ES rallied to 1004.00. We were
wanting to short the 1005.00-1005.50 resistance zone
but when the 1001.75 level broke, so did the ES. The
ES double bottomed then went to the 1005.00 resistance
at the close.

Good Trading,
Mike Reed
TradeStalker.com

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