HOW OUR DAY WENT:
The ES broke the key 1101.25-1100.75
zone on the open on Thursday and that caused a rush to
get out and the ES dropped to 1086.50, right in the
1086.75-1086.25 support zone, then turned back up. The
updated resistance at 1091.50-1093.00 gave us a couple
of nice shorts. The first was a 4 point drop from 1092.00
to 1088.00, and the next was 3.50 points from 1091.75 to
1088.25. A third reversal from 1093.25 had 3 points of
opportunity as the ES dropped to 1090.25 before finally
breaking out over that resistance.
Good Trading,
Mike Reed
TradeStalker.com
Thursday, November 19, 2009
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