Today's Trading Recap: 11/18/09

HOW OUR DAY WENT:

To start the day, our game-plan was to
get short if there was early strength near the Tuesday
high. The ES reversed from 2 ticks over Tuesday's 1109.00
high, dropping 8.75 points from 1109.50 to 1100.75. The
ES rallied to 1108.00, and members were told that 1104
had to hold the low would tested, and after breaking that
1104 the ES went to 1101.25 for a test of the low. The
bounce off of that level reversed at the updated 1105.50-
1106.00 resistance and pulled back to 1103.00 with an
hour left in trading.

Good Trading,
Mike Reed
TradeStalker.com