Today's Trading Recap: 03/16/10

HOW OUR DAY WENT:

The market gapped up on Tuesday and that
early strength was sold per last night's update as the ES
dropped from 1149.00 to 1145.50 before turning back up. The
bounce was a grind up to a 1153.00 high, and then the market
pulled back into the Fed release. After the release a quick
run up was reversed from just under the 1154.25-1154.75 zone,
and a quick drop to the 1149.00-1148.50 support zone was
reversed. The rally back was a choppy trend up move into the
final minutes of trading.

Good Trading,
Mike Reed
TradeStalker.com