HOW OUR DAY WENT:
We got early strength to short, then
and falling 6 points the ES reversed and the oversold
rally began. We did get a short on a 1-2-3 pattern in
the morning, and it then held updated support and bounced
again. The upside then stalled and reversed from 917.75
on the ES (our members had 918.00-918.75 marked as the
second resistance zone) then dropped again to test the
updated support. In a nutshell, we got what we were
expecting - two way trading in a rally mode - making for
an easier trading day.
Good Trading,
Mike Reed
TradeStalker.com
Click Here to Join our Trading Team!
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, June 18, 2009
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