HOW OUR DAY WENT: We were shorting early strength and
the gap up open was reversed right from the open. Even
waiting for 950 to break for a trigger gave a decent
trade as the ES went right to our 945.00 support before
bouncing. That move also reversed 950, and gave a sell-
off to our 940.25-939.25 key area. The ES reversed from
a 939.50 low quickly, and after breaking 944 the move
changed dynamics. Members were given updated support
on the way up to the 947.75-948.00 new resistance zone.
The ES held 942.00 on a pullback then continued its
rally into the close.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, July 21, 2009
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