Today's Trading Recap: 03/12/10

HOW OUR DAY WENT:

The market gapped up and the ES reversed
from 1150.25 (1149.50-1151.00 zone was key resistance) and
dropped 8.25 points to 1142.00 (the 1142.50-1142.00 zone
was key support) about 40 minutes into the trading day.
That was a good way to start the day. After turning up from
1142.00, new resistance was given at the 1146.00-1146.50
area. In a narrow range we had a pullback from 1146.50 to
1143.00, and after a bounce back to 1146.50 there was another
pullback to 1142.50. With that area turning in to strong
support, the ES turned back up with 30 minutes left and
rallied to the 1146.00-1146.50 area by the close

Good Trading,
Mike Reed
TradeStalker.com

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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)