Today's Trading Recap: 03/18/10

HOW OUR DAY WENT:

The ES bounced to 1163.25 and that was
rejected 30 minutes into the day. We had resistance at the
1162.00-1163.00 zone and it set up a good short. The ES fell
to 1158.75 before a bounce. That failed at 1162.25 resistance,
and then the ES fell pretty fast to 1156.25. That was just 2
ticks over the 1155.75-1155.00 support zone, and then the ES
ended up making a 123 bottom that lead to a bounce back up to
1161.50. That area was sold again, and a drop to 1158.25
followed. With an hour left in stock trading the market
turned up and the ES rallied back to 1162.00 at the close.

Good Trading,
Mike Reed
TradeStalker.com