Today's Trading Recap: 06/23/09

HOW OUR DAY WENT:

The early game-plan was to short early
strength, and when the ES popped up to 894.50 (right at
the key 894.50-895.25 zone) and turned we caught a nice
entry as the ES dropped 10 points to 884.25. That was
a great start for our day. The market then firmed and
rallied back to test the highs, but the move was sold
from 893.25 and then fell to updated support at the
888.00-887.50 zone. Shorts covered, and buying came in
and the ES went to a lower high at 893.00 and reversed.
That triggered a short that went to 4.25 points to
888.75 before a bounce. Members were told to short the
893 area and cover/buy the 888 area and that set up 2
more trades to finish the day as the ES stayed between
resistance and support.

Good Trading,
Mike Reed
TradeStalker.com