HOW OUR DAY WENT:
The ES opened up 10+ points and reversed from the 1068.00-1068.50 resistance then dropped 4.50 points. The second pop was quickly reversed, and the break of 1063 started a drop to 1058.00. A double bottom was made, and the reversal was a buy when the 1063 level was broken and held.
After the quick drop from the 1077.00 high to 1066.25, the updated resistance at 1071.25-1072.50 area was tested and reversed and gave us a 6.25 point drop into the last 5 minutes of stock trading. A 2-sided day as we were looking for...
Good Trading,
Mike Reed
TradeStalker.com
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Thursday, February 11, 2010
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