HOW OUR DAY WENT:
The gap down open reversed from 1034.00 on
the ES and immediately turned back up on Tuesday. The rally
took the ES back over the 1139.50-1140.00 area which caused
a squeeze back towards its old high in a steep trend up move.
After reaching 1145.25, another small dip followed. After the
dip, a bounce back to a lower high reversed, setting up a 123
top, and the ES cut through 1142 support in the process. After
that break, a small bounce stalled and reversed from 1141.75,
and then the ES dropped to the 1136.25 level with just over
30 minutes left in stock trading.
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 ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Wednesday, March 10, 2010
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