TradeStalker's
R.B.I. Trader's Update
5 / 21 / 2009
(Published Since 1996)
...............................................
Dateline: 8:11 pm eastern time, 5/21/2009
The ES reached the 877.25-876.75 before
rallying into the close on Thursday. The double
bottom should be taken out if the 882 area isn't
held. Stay with the short side as the 852-850
area on the ES could be seen on this leg down.
Enjoy the long weekend!
June 2009 SP futures resistance
symbols: emini = esm9 / big contract =spm9
890.00-891.00
895.25-896.00
899.75-900.25
906.50-907.50
June 2009 SP futures support
symbols: emini = esm9 / big contract =spm9
882.50-882.00
877.25-876.75 *key*
872.50-872.00
867.75-867.00
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Good Trading,
Mike Reed
Copyright (c) 2009 by TradeStalker.com, Ft Wayne, IN.
TradeStalker Updates may not be redistributed without
permission.
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PO Box 9783, Ft Wayne, IN, 46899
Disclaimer
The financial markets are risky. Investing is risky.
Past performance does not guarantee future performance.
The foregoing has been prepared solely for informational
purposes and is not a solicitation, or an offer to buy
or sell any security. Opinions are based on historical
research and data believed reliable, but there is no
guarantee that future results will be profitable.
We are not advocating trading futures. The prices and
contracts in the TradeStalker Updates specify a manner
in which you could trade. We occasionally mention the
SP500 and Nasdaq futures markets because it is
extremely liquid and tends to lead the other markets.
This is not an endorsement or recommendation of the SP500
and Nasdaq futures markets. The risk of loss in futures
is substantial. You can lose more than your original
investment. We are not Registered Investment Advisors or
Commodity Trading Advisors.
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