Oct 8, 2013 Market Action

Attached is a chart with some comments and the s/r lines for today. Lots of lessons in the chart today. Have a look, it was a great day for trading with some nice moves.

Sept 24, 2013 Marke Action

If you saw or had access to last nights update you will see that I called a reversal right at the low today. Check out chart below and see where the support was. These numbers and the trading plan was sent to all our active subscribers last night before the open.  You to can benefit from this information.

September 10, 2013 Market Action

The ES gapped up 10+ points and quickly sold off from the 1680.75 Fixed resistance area and pulled back 3.75 points to 1677.00 just above fixed support before turning back up again. I outlined some potential trade able  spots on the chart which were the best opportunities today.

September 9, 2013 Market Activity

Today's theme: Resistance Once Broken Becomes Support. This is a very basic concept that works time and time again. Check out the chart with the arrows. Those lines represent the Fixed s/r numbers given to members the night before and the arrows show where the resistance broken turned to support for some real nice entries on the ES today.

August 19, 2013 Market Action

The market opened up just under 1654 resistance
and dropped down just above the 1648 support level
where is found some buyers and attempted a move
to the 1657 level. A 123 top setup  after that and
the market came down giving us a nice opportunity
to short after the 1654 level was broken and held.
That trade was good for about 6 points down to
the 1648 level where the market found support as
anticipated by the nightly update and once again
after that level broke and held we got another
opportunity to short for another great trade down to
1643 for about five points.

Learn how to spot these levels and trade around them
with my setups and the techniques I teach in the ebook
and the DVD set. There are multiple opportunities everyday
for you to make a profit in this market.

July 16, 2013 Market Action

Today the market opened up and tagged the 1679.50
resistance area and quickly sold off. A break of the
1676.50 support area had us on alert for a move
down and a retest of the dynamic support at the moving
averages gave us the short entry we needed to ride
a nice move down to the 1672.50 area and then down to
the 1670 support. A bounce back up to the dynamic
resistance area at the moving average gave us another
opportunity for a short position down to the 1666.50
support area which turned out to be the low of the
day. The market double bottomed there ant ran up to the 1672.00 res
area where it sold off again to test near the 1666.50
area where is got some footing and moved back up
to the 1672.50 area.

Today the market gave us some nice moves to profit
from all from within the s/r areas and zones. These
are the days that make our month , if you are able
to trade around these levels and identify them
before the market opens and throughout the day.

July 15, 2013 Market Action

Today the market opened up at the 1675 resistance
area nad quickly ran up. That was rejected and the
market came down but did not stay under that level
for very long and on a retest was able to hold the
gains. The setup a decent long trade tot he 1678 area
resistance which held the market back for a while.
Then the market broke thru and it acted as support
for a small gain long trade. Eventually that
area broke down and acted as resistance again
at the end of the day.

The market was framed well with the s/r numbers from
last night, which is not surprising. The nightly
update can you give you a real edge but you need to
know how to trade around these levels. That is why
when you buy the ebook you get 2 free weeks of live
intraday updates and nightly updates with your purchase.

check out the book on the website.

July 11, 2013 Market Action

Big gap up today in the markets and mostly sideways
trading for the day until the afternoon when
the market broke out to the upside. Still if you see
the chart below you can see that we gapped up
above the last resistance level, which of course
turned into support. You can see how the market bounced
several times from there and was not able to stay
below it for very long. That is sign of strenght and
would have you looking to the long side. Later in
the day after the break out you can see the dynamic resistance
at 1667.00 was brokine with conviction and a retest
proved successfull for a bounce and a good place
to get long.

With my market timing techniques I can show you how
to get an edge in this market so that when you get in
you can expect the market to move in your direction
almost immedieately, and if it doesn't you cut your
losses to a minimum. I teach this and many other day
trading techniques in the courses. Check out he website
for more information.

July 9, 2013 Market Action

Today the market opened up near the 1644 resistance
area and immediately shot up to just under the 1647 res
area. A pullback to the 1642 res now support held
the market up for a few minutes before a dropp down
to the 1638 level. The market found its footing there
and took out the 1642 leve and then came back to
test it for a run up to the 1648 area of resistance.
The market then went sideways between the 1644 now
support and the 1648 area for the rest of the day.

The hold of the 1642 and then the 1644 areas provided
us with some good opportunities to get long and take
advantage of this move up into the 1648 area.
If you had the levels on your chart you can see
how the market breaks the resistance area and then will
test it as support. These key levels are where we
find the best opportunity to profit. You need the proper
entry and exit techniques to benefit and that is exactly
what I teach in my ebook and courses. Don't dely get
your copy and start understanding what trading is really
about.

June 28, 2013 Market Action

Today the market opened up at the 1601 support level
but could not keep above for very long. A Run down
to the 1595.00 support turned the market back up
and through the 1601 support which was now resistance.
since that level broke it acted like support which
setup a nice long trade to the 1606 resistance area
where the market hesitated a bit. The was broken and
the market ran up to 1610.00 . That acted like a lid
on the market all day. The market really stayed between
the 1602 area and 1610 area pretty much the rest of
the day until the last half hour when the 1610 zone
was rejected for the last time and the market came
down reall fast to the 1595.00 zone again.

As you can see from the chart below , the support and
resistance zones really framed the market well today
and by having these lines on your chart you would
be able to take advantage of the opportunities available, but
you need to know the setups and the how to trade them.

June 26, 2013 Market Action

Today the market gapped up into the third resistance
level published in last nights update. That was in line with
one of my setups to get short and the market came
down to the 1593.50 are where it stalled a bit
but continued to go down to the 1587.75 support area. That
turned out to be the low of the day and the market
started its run from there. Resistance than was broken
and turned into support which gave some very nice
buying opportunities as the market rallied up to the 1601.00 area.
Sellers came in near the close to bring the market back down the
the intraday level give at 1595.00.

Having a game plan for the trading day is an important
part of my routine. It increases your odds for success
and I encourage all of you to at the very least have a plan
for your trading. Understand how you will react and
plan our your trades in advance, because in the heat of the
moment emotions can take hold and it will be detrimental to
your success. Good Trading.

June 24, 2013 Market Action

Today we gapped down and after bottoming out near the
1553.00level the market started a slow and steady
grinding higher taking out two of the previous support
turned resistance. Aft reaching the 1578 area the
market could not keep above that area and a retest
failed for a reversal of the uptrend that started mid day.

There were many opportunities today in this two sided
market. You just need to know where the support and
resistance levels are and how to trade around them.
Certainly a major part of my strategy revolves around
the fixed support and resitance levels. But I do want
to point out that finding the dynamic areas on the chart
is equally important and only serves to at least double
the number of opportunities there on any given day.
In trading when you know that you have many opportunities
to make a trade you suddenlty realize that you don't need
to chase the market and when you miss a move it really is
no big deal. That change in psychology goes a long a way.
If you are interested in trading, what better principles can you
learn then those taught by a 30 year day trading veteran
that puts it on the line everyday. Check out the website and the course
available today.

June 19, 2013 Market Action

Today we had mostly sideways action pre fed announcement.
But for those who were patient a classic setup that
I teach in the course occurred post fed announcement for
a profit potential of 10 plus points. Check out the
chart and see how the support and resistance levels
frame the market and can give you opportunities to
profit.
I marked the chart with an arrow showing the location
of the trade. I even alerted the subscribers that
the 1635 level was a dynamic resistance level and
to look for a reaction there. The dynamic resistance
level are formed through out the day and I teach
students how to find these zones in the trading camp
that I hold once or twice year. 

Check out the website to get more information or contact
me via email.

June 17, 2013 Market Action

The market gapped up higher today above three resistance
levels and then ran up to exceed the the fourth level
at 1369.50. The push thru was brief and after chopping
sideway another attempt to push through failed the
selling started. That set up for great shorting opportunity
which had a potential profit of about 15 es points.
The key in a market like that was to be patient and
wait for the right setup.

If you missed that one there were some other bounces that
were very shortable if you had the right method and
techniques to enter. Later a 123 bottom formed giving
us another opportunity to get long and with a profit
potential of about 10 es points.

If you would like to know more about my setups and
the techniques I have used for over thirty years check
out the Ebook and some of the other trading courses on
the website.

June 10, 2013 Market Action

Today the market opened up just above the first
resistance level at 1647.00 and ran up to tag
the 1648.00 Second resistance level. That was
rejected and a deep pullback to just above initial
support brought in some buyers.  Some Sideways action
at the 1647.00 resistance level and the market came
back down to test the low of the day and continued
to trade sideways for the rest of the day.

There were some decent opportunities for trading
today although not many.  However with my style of
trading you will at least find 2-3 trades a day
on most days.

PS. I used Ninja Trader Charts today.

June 5, 2013 Market Action

Today the market opened just under initial support
and gave us a great shorting opportunity right from
the get go. That rejection there at the 1628.75
was the clue that we would possibly be heading lower
Then we had a great last trapped trade setup around 930 CST
for a good profit of the down side. We then had a support
turn resistance trade for another nice short today.
These are the days that we strive for in the markets.
It's all about making your losers small and taking advantage
of the opportunity when the market gives them to us
to make our winners big.

Get on board and pick up a copy of the ebook and DVD course
to start to learn how to trade these markets. With me you get
full support and answers to any questions. Contact me
for more details or with any questions you may have.

June 4, 2013 Market Action

Nice Range today and some really good opportunities
to make some decent gains. I have outlined on the
chart below 5 very basic trades that I can teach
you how to take based on my trading techniques that
I have been using for over 30 years.

You can see by the arrows and there was no shortage of
opportunity today. As a matter of fact the markets
are full of opportunity every week to make a decent
return.

June 3, 2013 Market Action

The market bounced early from initial resistance
on Monday but was not able to clear initial resistance. A
rejection brought the market down to test the bottom
support level and after a small bounce from there
the market went sideways for a while before staging
a run up to the initial resistance area.

Once the market got going and held the 1626.50 area there
were some great opportunities to make some decent
points today. I highlighted two of the many
chances available today to make some nice trades.
Daily there are ways to trade this
market safely and profitably. Get on board and
pick up a copy of the ebook.

May 31, 2013 Market Action

Very good range today and lots of opportunity to make
some great trades. See the chart and observe how price
moves between the support and resistance lines I had
drawn before the market opened up today. You can see
when support holds and resistance breaks where
the long opprotunities are. Then as support breaks
and is held as resistance you can see how the market
gives us shorting opportunities. 

Today was a great trading day and if you knew the setups
to look for at the support and resitance lines you would
have had a fantastic day. Don't delay get your copy of the
ebook and learn these setups ASAP.

May 30, 2013 Market Action

Today the market made a straight run in the early
going past through the initial resistance.
An overshoot of the the 1656 area brought the market
back down to the 1652 old resistance now turned support
for a move back up to test the 1656 area. The market
rejected that area and again bounced off of the 1652 support
area and continued to move up to just under the 1661 res
area before coming back down to the 1655 zone.

There were many good setups today and some real
nice trades off of what I call dynamic resistance
and support levels. I show you how to find these
dynamic levels in my ebook and DVD series. With fixed
areas and dynamic areas to trade off of, there is
no shortage of opportunity for you in this market.

May 28, 2013 Market Action

After a gap up open and run up to 1673.00 the market
came down and was pretty much in a down trend all day
until reaching the 164.00 area labeles as resistance
turned support on the gap up open.

Severl very good setups to trade today based on
my ebook setups. We had 123 top a couple of slinky
patters and some other setups which would have allowed
you to catch to catch some of the nice moves today
Don't delay get  your copy of the ebook now.

May 24, 2013 Market Action

Today the market opened up near the the 1638 support
area and made a small run to the 1642 support now resistance.
A failure there brought the market back down to break the
1638 area and it pushed down to the 1634.50 zone.
After moving sideways and holding that support zone
the market moved up to test the 1642.50 zone and
was able to break through making a run up to the 1646.25 area.
A pullback held the 1642.50 zone and the market made another run
at the highs and ending the day near the highs.

Nice trade opportunities today in trading with the
support and resistance zones. I can show you the setups and
how to find these zones and will find them for you until you
feel confident to come up with them on you own. Check out
the ebook and trading camp coming up. 

May 23, 2013 Market Action

Today the market opened up at the bottom suupport
zone and after just poking underneath a run up to
support zone number 2 which was now resistance held
the market back and a hold above the 1638.50 provided
a nice long opportunity for a break out to the 1652.00
area. The market found some footing near the 1644 area
and bounced back up to test the high of the day but
was rejected and we headed slightly off the high
for the remainder of the session.

Many Support and Resistance levels in paly today.
Learn how to trade around these areas and profit
in this great volatility we have been seeing these
past few days. Check out the ebook and DVD courses
for some great training on trading this market.

May 22, 2013 Market Action

Good action today from the news and we had a good range. There were some real nice last trapped setups today. I teach the setup in my ebook and walk you through it in the DVD course. I have attached a chart with some arrows pointing towards the areas where the opportunities occurred. Trading camp is coming up and if you have not signed up there are still a few spots open so take advantage of the opportunity to learn from a professional trader. I only do these once or twice a year.

May 21, 2013 Market Actions

Today the market opened up just at support and
after a small attempt to go up the market came
down and pierced through the support area. The market
moved pretty much sidways under the support area
before breaking it to the upside. With the hold
over the support area the market mades its way up to
to the resistance area 1673.00. A slight pullback and
a test of that area failed and the market pulled back
into the close.

Againt the market is respecting the s/r lines fairly
well and with the right knowledge and setups you
can take advantage of the opportunity the exists to make
profits.

May 17, 2013 Market Action

Today the market opened up above the initial resistance. That was the clue the the market may move higher. After the bounce from initial resitance now support the market moved up past the second resistance level and broke throuhg almost reaching the third resistance level. A pullback back down through the second resistance level and bounced again from the 1653 area. After some sideways action through lunch the market made a run above all resistance levels.

Some good trading opportunities came at the 1653 level and shorting up near the 1660 resistance area early.  After the run up there were some good slinky patterns for long trades. These are taught in my e-book and are excellent in trends. Pick up a copy today and learn to profit from the market moves.

May 16, 2013 Market Action

Today we opened at right at initial support and
bounced to the initial resistance. That level
was rejected and a move donw to support again followed
After a few pokes above resistance the market
could not make it through and we went sideways during
the lunce hour. anothe attempt to break the initial
resistance failed and the market came down through
initial support and finally down to the second support
level.

As you can see the market had trouble at resistance
levels today and offered some good opportunities for
trading.  Check out the chart below and see how
well the market respects the levels listed in the nightly
update.

May 15, 2013 Market Action

Today we opened at support and after the market was able to hold
above it for some time it was a clue that the market might go higher
A push through the initial resistance area fueled a rally right up
to the las fixed resistance area mentioned last night. There were a
few good opportunities to get long on that rally and make some points.
A retest of the 1654 area failed and the market broke down which gave
us an opportunity to get short down to the 1650 area where the market
bounced and moved up into the close.

Great trading today around the s/r areas. There were some classic "ebbok"
setups which if you had been trained to see them could have made you
some profit.  Check out the ebook and get on board to making some $$.

May 13, 2013 Market Action

Today the market poked under the initial support and quickly turned
up making its way to the first resistance area. A small pullback from
there to test the initial suport area was bought and a run through
the first resistance made its way to the second level at 1633.00. Some
profit taking there brought the market back downt o the 1630.00 level
where a small bounce failed and a breah of the 1630 was followed by some
sideways action.

There we some decent moves today around the support and resistance
numbers again. You can see from the chart below how the market
acted around the lines that I had drawn in before the open.

May 10, 2013 market action

The market opened up just under the 1625 area and managed to break through. What looked like a hold above the 1626 area was rejected near the 1629.50 area and the market broke down below the 1626.25 area. A test of that level gave us a good opportunity to get short for a move down to the 1620.00 support level. The market then bounce from the 1620.00 area up back to the 1626.00 level and went sideways for a while before running up to the 1629.50 area at the close.

You can see now the market respects the support and resistance lines through out the day. There were some decent opportunities for trades today even though  we had a mostly sideways day.


 

May 9th 2013 Market Action

The two sided action today gave us some real nice opportunities for trading. We had a nice run down after the stall in the morning and then a nice reversal to take out the high. But the best opportunity came in late in the day where we had a classic last trapped trade setup for a nice short that took the market down about 10 points. I have showed the area of the trade on the chart. You too can be profiting from these moves. I teach these setups in my ebook and other courses. Don't miss out and pick up a copy of the ebook and you will receive 2 weeks free to the nightly support and resistance news letter.

May 8, 2013 Market Action

Today the market opened just above initial support and a quick poke underneath was quickly rejected. That was the clue that we might see higher prices. The market moved up past the initial resistance and continued higher busting through the second resistance level at 1625.25. A small pullback held the old resistance now support and the market made a run for the 1628.00 resistance level. Another test of the 1625.25 support followed and the buyers came in againt o test the high. That was followed by some sideway action and the market came down to break the support at 1625 and test the 1622.25 area where the buyers came in again to take the market past the high for the day. On the chart I have outlined the best trading opportunities based on what I cover in my ebook. Check it out.

May 7, 2013 Market Action

Today the market opened up just above our first resistance area. It came down to tag it and made a run for the second resistance area. Selling hit the market there and a strong push down thru the 1615.00 area to the 1612 support zone. Buying came in at the initial support and the market busted through the 1615 resistance. A test of the 1615 resistance now support followed, which was a good place to get long for a move back up to the 1620 area. The market ended up breaking the next resistance at 1620 and then it turned to support and a test there was another spot to get long for a couple of points. Check out the chart below and notice where the arrows point to the way the market reacted to the support and resistance levels. Knowing the levels is one thing , and trading around the levels is another. The ebook shows you the setups I use to trade around the levels. Pick up a copy today.

May 6, 2013 Market Action

Today the market opened up right at the 1612 resistance area and quickly came down. It didn't quite make it to the 1608 area and ran back up to break through the 1612 resistance. A higher low followed which propelled the market to new highs for the day and then holding above the 1612 area. That was the clue we were going higher still and it setup a nice long opportunity for at least 2-3 points. Support and Resistance trading has worked in the past and will continue to work in the future. It is how I trade and I can show you how. Pick up a copy of the ebook and get two weeks free to the support and resistance numbers so you can trade like a pro as well.

May 2, 2013 Market Action

Today the market opened up at the 1583.00 area and although it poked below it was able to come back hold above of it for about 30 min. That was the cluse that we may see some bullish action and sure enought the market made a run to the next resistance area t 1589.50 in what was a trend change from yesterdays bearish action. The the market was able to bust through the 1589.50 area and ran up to the 1592.50 area where a pull back that held above the 1589.00 area gave a good opporutnity for a long trade that was good for about 3 points. Great opportunities again today trading around the support and resistance numbers published in the nightley newsletter. If you have not subscribed don't miss out any longer and get the ebook and the two weeks free of real time numbers.

May 1, 2013

The market opened up at the 1588 level listed as support but since we opened below that level it turns into resistance. The level was quickly rejected as the market fell to the 1583.00 support level. The market bounced from there to test the 1588 level which setup a short opportunity. The market then fell again breaking the 1583 level this time and then on a feeble bounce another shorting opporutinity came in the form of one of the setups taught in my ebook called the slinky. The short there was good too the 1579 support level for about 4 points. Later yet another shorting opportunity came after the bounce from 1579 which ended up breaching the low for a weak close on the day. Don't miss out on these moves. Today there were some good setups which could have easily made about 10 points on ES. Check out the website at www.tradestalker.com and pick up your copy of the ebook and 2 free weeks on the nightly real time newsletter with all the levels of support and resistance before the market open.

April 30, 2013 Market Action

The market opened up at the initial support and quickly traded below heading down to the 1582 suport area The buyers came in there after a second test and a move to the 1588 area was underway. A small stall there and hte market was able to push through. That setup for a long opportunity as the market came back down to test the 1588 area for a move up to the next resistance level at 1592. A rejection of that area was followed by a test of the 1588 support and after some sideways action the market just poked over the 1592.50 resistance area at the close. I marked the highest probability trade of the day on t the chart. Whic turned out to be a resistance turned support area.

April 29, 2013 market action

Today the market opened up above the initial resistance at 1578.50 and into the 1582. A hold above the 1578.50 level was a clue that the market was more bullish then bearish. The market then made its way to the 1588 area and stalled for about an hour before breaking out. A retest of that level was bought and a run to the 1592.50 resistance level followed. The market backed off from there back down to the 1588 area where a bounce failed and set up a good shorting opportunity. The nightly updated numbers continue to frame the market well and provide at least 2-3 opportunities to make some decent trades. Don't miss out on these great trades. Sign up today for the nightly newsletter and get the ebook to learn how to trade around these levels.

April 26, 2013 Market Action

Today the market opened up and gyrated above and below the 1578 level but failed to get over initial resistance at 1583.00. Finally after a break of the 1578 level the bears held that ground and after a few test of the now resistance area the market dropped down to our 1572 support area. There was at least 5 points there to profit from on the move down. Again once support is broken and then held it sets up a short setup. That was the best trade of the day and it also goes with the basic principle of following the trend. The trend was definitely down after the decent sell off yesterday in the afternoon session. The numbers in the nightly update continue to frame the market I've been doing this for almost 30 years and the strategy has not changed much and will not the future. I can show you how to come up with these numbers and how to trade around them. check out the chart below.

April 25, 2013 Mid Day Blog Update

Today the market opened a bit higher and after a slight pullback we had a run up through the 1583 area on the ES. As I stated in the nightly update last night and I quote "A quick move over 1580 could bring in a bit more buying and test the 1583 area on the ES. That should be sold if the market can overcome bearish odds and get that far. If there's no rejection of that area, then it's a stronger day than expected for sure and the 1588 area would be all that is in the way of testing the 1593.00 current day session high" As you can see from the chart above, we had a good move over 1583.00 and so we were expecting a stronger day and when we came back to test the 1583 area again it setup a perfect opportunity to get long and hold it to the 1588 area which was the next resistance. That area later turned into resistance again after it was broken when the 1588 area was rejected on the second test. Once you understand how to read the market using the support and resistance techniques I use things become much more clear on how to trade. Imagine if you had that information last night, you could have easily made 5 points today on that trade alone. The market respects the s/r zones daily and in combination with the setups outlined in my ebook and DVD series you have an arsenal to extract money from the market on a daily basis. All it takes is some dedication and a bit of work to learn the setups and techniques.

April 24, 2013 - Market Action

As stated in last's night's update, my internal indicators were overbought and giving sell signals. So, I favored the short side today. The best opportunity was when the early rally stalled at the 1576.75-1577.50 resistance zone. Have a look at the chart below and see how nicely the market respected the levels from last nights update, provided to all real time members. Click chart to enlarge.

April 23, 2013 Action

Today we had a good setup right after the open. As you can see from the chart the market broke resistance and held it on a pullback. That was the setup to go long and it is just one of the many setups I teach in my ebook and dvd set. You can see how later in the day the market again tested that support area and bounced again. Check out the chart below. I had noted the area that set up for a nice long trade this morning.

April 22, 2013 Market action

Today many of the s/r areas came in to play. We had a classic sell setup right at the open with a gap into a fixed resistance area. This a setup that I teach in my e-book and in the instrutctional DVD set. Don't miss out on these opportunities get a copy of the ebook and sign up for the real time service and get these numbers in your inbox before the market opens. Check out the chart below

April 19 Market Action

Today the market dipped below resistance turned support and came back to test the 1544 area. Putting in a higher low the 1544 was eventually broken and held and when the market came back to test that level it created a great buying opportunity for a run up to the 1549.50 area resistance area. Don't miss out these opportunities which area available almost every day. You can get these levels the night before the market opens and be ready for trading with the tools that a real professional uses to make consistent money from the market. Check out the chart below with the levels outlined and see how the market acts around the support and resistance levels giving you the opportunity to make great trades.

4/18/2013 Market Action

Today the market opened up at the 1548 zone and quicly came down to the 1452.00 area where we got a small bounce that failed and the support zone was broken. We came down to test the 1538 area where we bounced at made a run for the 1548 level again After some sideways action we finally broke through the 1538 zone and made it down to the 1532 area where we bounced again to test the 1538 zone support now turned resistance. The market backed off from there testing the 1532 area again. Having these zones in your trading arsenal should be an important part of your game plan. Along with the intraday support and resistance areas it greatly increases your chances of being profitable in this market. Check out the chart below.

April 17 Market Action

Today the market gaped down gapped down and made its way to the 1553.50 support zone and made a little bounce. The market finally broke thru that level and bounced from the 1549 area the next support area where a small bounce was made but was expected to fail given the break of the support area above. I then gave the 1538 level as the next resistance on the intra day updates message to all our real time subscribers. The market proceeded to bounce from there and made its way up to the old support now resistance area at 1549 which was a lid for the rest of the day. Having these levels available to you before the market opens will really give you the edge you need to navigate through the day. Coupled with the setups found in the Reed The Greed E-book, you have a powerful method for profiting in any market condition. Check out the site at wwww.tradestalker.com

April 16 ES Action

Below is a chart of the ES for April 16, 2013. I have drawn in the S/R lines that were published last night in the market update I send out real times subscribers. As you can see from the chart the low of the day came in at a Res area turned support. You can see how the market then ran up to the the 1562 area and stalled out there which was a resistance area listed. Once we broke up thru that area it acted as support as the market ran up to the next resistance area published at 1588-1588.50 where it formed a double top and came back down to test the 1562 area again where it bounced eventually taking out the 1568 area. Once the market turned into a trend up mode I am expecting the resistance areas to be broken and then turn into support for the market. Exactly how it happened today. Imaging if you had these levels up on your chart before the market opens!!! Check out the chart below.

April 15 , 2013 Trading Acitvity

Below is a chart of the trading activity today. I have inserted lines at the support/resistance areas that were available to the real time subscribers list. As you can see knowing these levels in advance can be a great guide for your day trading. Today was a down trend day so we were expecting the support areas to fail and act as resistance and that is exactly what happened today.