Today's Trading Recap: 03/02/10

HOW OUR DAY WENT:

The 1121.50-1122.50 area on the ES was
rejected shortly before stocks opened and the early strength
was sold as the ES dropped 4.50 points to 1116.25 before
turning up. That first decent pullback was reversed, and a
tepid buy-up to the 1121.50-1122.50 area followed. At 1:55pm
the group was given a lot of reasons to be selling via
Instant Message, and after taking out 1119 that level turned
into resistance as the market gave back its gains. The ES
reached 1105.25 to fill the gap on the daily chart then
bounced a but into the close.

Good Trading,
Mike Reed
TradeStalker.com

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