HOW OUR DAY WENT: We were shorting early strength, and
the ES rallied to 916.25 and reversed about 15 minutes
into trading.... just what we were looking for. The ES
then dropped to 909.75 (909.50-909.00 key support) and
reversed. That set up a cover shorts and/or buying
opportunity and the ES popped 4.75 points before barely
breaking 909.00 and reversing again. On the bounce, members
were given updated resistance at 914.50. The ES made a
direct hit on 914.50 and then pulled back to 911.25 in
very slow action.
Good Trading,
Mike Reed
TradeStalker.com
Sunday, July 05, 2009
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