Today's Trading Recap: 01/19/10

HOW OUR DAY WENT:

In last night's update the group was told:

"...a pullback should hold over the 1131.50-1131.00 area to
keep the stair-step higher pattern on the intraday chart."

The ES fell from the MLK Day high at 1137.00 and opened at
the 1131.50-1131.00 support on Tuesday. The ES turned up and
rallied 11.50 points to 1142.75, just 1 tick under resistance,
before pulling back. A dip was shallow, holding support, and
set up a move to 1145.00. The 1143.00 level was updated support
and the ES made a double bottom there and then bounced to
1147.00-1148.00 zone near the close.

Good Trading,
Mike Reed
TradeStalker.com

During the day our subscribers are updated frequently in our
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This publication's primary focus is trading the index
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trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
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