Today's Trading Recap: 09/17/09

HOW OUR DAY WENT:

We were looking for early strength
that stalled/reversed in the first 40 minutes to set
up a shorting opportunity. The ES spiked up to 1071.50
and was quickly rejected 30 minutes into the day. A
drop went right to updated support at 1062.00 and then
bounced to 1069.00 and fizzled, the "gift" second shot
at a shorting opportunity. The end of day action was
on the button as the ES went to 1060.00-1059.50 support
and then bounced 3.75 points into its settlement.

Good Trading,
Mike Reed
TradeStalker.com