HOW OUR DAY WENT:
The SP500 closed right on channel
line support on Wednesday, and the oversold rally got
started shortly after the open on Thursday morning.
It wasn't expected to stick all day, but the dip to
the 1052 support shortly before noon occurred and set
up a trade on the long side just before the rally to
1059.75 before pulling back. The 1056 level held on
2 dips before the rally to 1064.00 occurred.
Good Trading,
Mike Reed
TradeStalker.com
Sunday, November 08, 2009
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