HOW OUR DAY WENT: The ES opened 8.25 points lower on Wednesday and immediately reversed and ran to make a double top at 954.50 resistance. It set up a short that reached our 947.50-946.75target before reversing. After coming off the double top at 956.75, those in the IM "room" got this quick post:
(Jul 22-14:52) mike: 953.50-954.00 pivotal all day. early
dbl top, a low after breakout to the high, resist here
The ES rejected 954.25 about 8 minutes later, and it sold
off to 948.75 in 15 minutes, another nice quick trade.
That is just 2 of our trades, as there was a good deal
of info posted today, not to mention SEVEN intraday
updates.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, July 22, 2009
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