Today's Trading Recap: 10/27/09

HOW OUR DAY WENT:

The ES plunged to 1057.00 in the first
40 minutes of trading. That was just 1 tick above the
1056.75-1054.50 support. The bounce back was to be sold,
and the ES reversed from 1 tick over the 1069.00 updated
resistance, then dropped back 12 points to a 1057.25 low.
The ES then made a 123 top around 1065 setting up another
short that took the ES to 1058.25 before a bounce.

Good Trading,
Mike Reed
TradeStalker.com