Today's Trading Recap: 06/29/09

HOW OUR DAY WENT: The ES popped up on the open, right
at the 917.50-918.25 key resistance, and reversed. That
gave a nice short as the ES dropped 6 points to 911.50
before reversing. The move over that 917.50-918.25 key
resistance held, giving the ES room to go to the next
resistance at the 922.50-923.25 zone. The ES reached
923.25 and backed off a few times then found a choppy
trading range. A "prairie dog" reversal off of 924.00
started a pullback, and members were given new support
at 921.00 and then the 917.25-916.50 area. The ES held
at 921.50, but could't get going on the upside so another
update was sent giving the transition levels for the ES
and Dow Cash. They held on the 2 pullbacks setting up
scalps on the long side.

Good Trading,
Mike Reed
TradeStalker.com