HOW OUR DAY WENT:
We were looking for early weakness to set
up a buying opportunity, and the ES dropped to 1057.50 and
reversed about 18 minutes into trading. The first bounce
reversed from just over initial resistance, then pulled back
to 1061.75 updated support area. After the bounce took out
the 1071.50-1072.50 former resistance, it turned into support
to buy for the run-up to the 1077-1078 area. The high for the
day was at 1078.00 and that zone offered 2 good shorting
opportunities.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
Instant Messenger Room. Each evening the log is uploaded,
CLICK HERE to read the log.
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, February 18, 2010
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