Monday, July 20, 2009

Today's Trading Recap: 07/20/09

HOW OUR DAY WENT: We were shorting early strength on
Monday and the ES made a double top at 945.75 and reversed.
The pullback stopped right at the 937.50-937.00 updated
support/target before a bounce. Members were given new
key resistance at 941.50-942.50 on the Members Instant
Message page, and a little double top at 942.25 set up
a scalp on the short side. That pullback held the 939.75
support by 3 ticks and started a choppy grind to 949.25
by the close.

Good Trading,
Mike Reed
TradeStalker.com

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