HOW OUR DAY WENT:
After the early action, members were
told that the 968-969 area was a good resistance area.
The ES popped up to 968 and backed off to a 962.50 low
(right at the 963.00-962.50 initial support) and turned
back up. After a good bounce off of support, the 968.75
level was given as new support and after direct hit on
that level held, it lead to a nice pop to 975.00. It
looked like a top, but I was wrong about that as buying
started with 30 minutes left and the move ended the week
at its highs. Still, a good short early and then nailing
the 962.50 low and a couple other trades made it a good day.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Friday, July 24, 2009
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