HOW OUR DAY WENT:
The pivotal 1143 level on the ES was
rejected in pre-open trading, and the big down open gathered
momentum as the ES kept pushing lower until the ES reached
1125.25. We took some nice profits on puts bought on Tuesday,
and gave updated resistance at 1129.50-1130.00. The ES then
bounced to 1129.75 and stalled, setting up a short. The ES dropped 4 points to 1125.75 to make a double bottom, then
turned back up. When the trend turned up, the updated support
held and a bounce lasted into 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
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, January 21, 2010
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