HOW OUR DAY WENT:
The ES dropped from just under initial resistance to the 1056.25-1055.50 support in the morning and then rallied 12.50 points to 1068.50. After that we flipped to the short side, and got a nice entry when the ES made a 123 top off 1068.00. From there I gave guidance for new resistance/ re-shorting areas as the ES plunged 15 points to 1053.00 at the 4pm close for stocks.
Good Trading,
Mike Reed
TradeStalker.com
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This publication's primary focus is trading the index
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Tuesday, February 09, 2010
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