Friday, December 04, 2009

Today's Trading Recap: 12/01/09

HOW OUR DAY WENT:

Not expecting a big up day, we still
had good trades set up. The ES reversed from the 1108.50-
1019.00 resistance in the first 30 minutes and then it
fell to the updated 1103.25-1102.50 support zone. From
there the ES rallied to the 1111-1113 sell zone, and the
ES made a double top at 1111.75 to set up a trade on the
short side. The ES dropped 5.25 points while the weaker
NQ gave back 11.75 points by the close.

Good Trading,
Mike Reed
TradeStalker.com

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