Today's Trading Recap: 02/25/10

HOW OUR DAY WENT:

The ES opened down 16 points on Thursday
and after dropping to 1084.50 in the first 20 minutes the ES
turned back up. Shortly after noon the 3rd intraday update
stated:

"The ES grinded down to 1085.75 and made a little
double bottom there before turning back up. The
lows should be in place as long as the 1088.00-
1087.50 area on the ES is held."

The 1088.00-1087.50 area held and then around 1:45 pm the
market shot higher with the ES rallying to the 1098.50-
1099.00 resistance zone. A dip held at 1095 and then a
rally to 1103.00 resistance at the close.

Good Trading,
Mike Reed
TradeStalker.com

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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)