Tuesday, September 15, 2009

Today's Trading Recap: 09/03/09

HOW OUR DAY WENT:

The early strength double topped just
2 ticks under the 1002.00-1002.75 resistance zone, then
the ES fell 10 points to the 991.75-991.00 support zone.
A nice start to the day. The ES rallied back to 998.50
and then members were given 998.50-999.50 as a shorting
zone. A bounce to 999.00 stalled and turned down, going
to 994.25.I sent an I.M. to cover shorts at 994.50 on
the way down, a very good exit. The break over 996.50
then held on a pullback with 30 minutes left, so the
rally to 1003.00 set up as 996.50 was broken and held
on the pullback.

Good Trading,
Mike Reed
TradeStalker.com

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