Today's Trading Recap: 02/23/10

HOW OUR DAY WENT:

The ES opened lower and turned up, giving
a quick bounce from 1102.75 to 1107.50 in the first 25
minutes. That was just under the initial resistance at the
1108.00-1108.00 zone and set up a shorting opportunity. A
fast drop took the ES to 1093.50 before bouncing, which was
at the 1093.75-1093.00 zone. A bounce was reversed at 1098.00
old support and dropped to a 1090.25 low by 2pm. A move back
to updated resistance at the 1097.50-1098.00 area followed.
A 5 point drop to 1092.25 followed, then the ES ran up and
settled right at the 1097.50-1098.00 resistance zone.

Good Trading,
Mike Reed
TradeStalker.com

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This publication's primary focus is trading the index
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