HOW OUR DAY WENT:
The ES gapped open above the key
894.50-895.25 resistance zone, and it ushered in short
covering and new buying. The move fizzled and reversed
from 906.50, just under our 907.00-907.50 resistance,
setting up a trade on the short side. It gave a pullback
to 901.25 before the Fed release. After the release there
was about 10 minutes of gyrating, then the trend turned
down and was a short per last night's update.
Good Trading,
Mike Reed
TradeStalker.com
Sunday, July 05, 2009
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