Today's Trading Recap: 03/04/10

HOW OUR DAY WENT:

The early strength was sold, and from
1123.00 the ES dropped 7.50 points to the 1115.50-1115.25
key support. That first decent pullback held and reversed
off of that 1115.50-1115.25 zone and rallied to 1120.00
resistance. Then the ES went sideways in a 2,25 point
range for more than an hour, which set up a couple of
scalp shorts from the 1120.00-1120.50 resistance. The 4th
drop took the ES to 1117.75 and quickly reversed. The
bounce failed 1 tick over the 1120.50 resistance, but
the pullback was just 1.75 points before heading back up
in the last 45 minutes of trading.

Good Trading,
Mike Reed
TradeStalker.com

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