Today's Trading Recap: 09/14/09

HOW OUR DAY WENT:

The market gapped down on the open on
Monday, and the move was quickly reversed from 1029.50 on
the ES (key support was at the 1030.50-1030.00 area) and
then rallied to 1040.00. As updated, that was rejected
and the ES pulled back. The 1038.50 level was then
broken, and held on a pullback, giving a run-up to the
next resistance at the 1043.50-1044.00 zone. That was a
lid for about an hour, but the 1041 level held per an
instant message room note, and the trend up move lasted
intil the last 5 minutes of trading, again per another
instant message room note.

Good Trading,

Mike Reed
TradeStalker.com