Today's Trading Recap: 07/10/09

HOW OUR DAY WENT: The ES opened down 6.50 points and
at the 872.25-871.00 support zone. We got 2 bounces from
that area, but the 880 level was reversed and gave
another drop. The rally back stalled and reversed from
876.75, the middle of the updated the 876.50-877.00 area,
then fell to the updated/key 872.00 level. That set up
a scalp long that reached 875.00 before backing off.
A break/hold gives a bad close.

Good Trading,
Mike Reed
TradeStalker.com