TradeStalker's RBI Update 10/14/09

HOW OUR DAY WENT:

After a large gap up open was reversed
from 1083.00 on the ES (just above our 1082.00-1082.75
resistance) members were told there was support at the
1077.50-1076.50 area that was key and the ES went to
1077.75 and then reversed back up. After a bounce the
1081.50 level turned into support. Before the Fed Minutes
the market bounced, and while the ES made a token higher
high the, rest of the market did not, and a quick pullback
followed. A turn higher took the ES to easily to and through
the last resistance zone at 1087.50-1088.00.

Good Trading,
Mike Reed
TradeStalker.com