Today's Trading Recap: 07/15/09

HOW OUR DAY WENT: The ES gapped up 12.50 points on
Wednesday and didn't stop as the market traded in a
steady grind higher throughout the day until the last
hour. After getting to 930.75, the ES reversed back down
through 930.00, and that set up the only decent pullback
for the day. The last update stated "If the move reaches
the 930 level and reverses, it is a shorting opportunity"
and the ES fell to 926.00 before turning back up. The ES
reached 930.25 on the bounce and it was reversed again as
the futures sold off into settlement.

Good Trading,
Mike Reed
TradeStalker.com