HOW OUR DAY WENT:
The market gapped down and just over an
hour into trading the ES reached a key support just over
898.00-897.50. It didn't look good so members were told
we had a trend down move under way and were given 892 as
the next support/target. That was met, and then the
updated resistance at 894.50 turned into a good spot to
re-short as the ES dropped fast and then reversed from
just .75 points over the next support. That brought in
buying up to the 894.50 level again and after reversing
after a pop to 895 the ES dropped to reach the 888.50
target/support by the close.
Good Trading,
Mike Reed
TradeStalker.com
Monday, June 22, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment