Today's Trading Recap: 12/02/09

HOW OUR DAY WENT:

The ES popped into our sell zone in the
first 15 minutes, and it dropped from 1111.00 to 1107.25
before reversing. Members were told via instant message
to cover 1/2 at 1108.50 or better, and tighten a stop, on
the way down to 1107.25. That protected small profits and
then the ES ran up to a new yearly high at 1115.50 before
reversing again. The 1111.50 level had to hold to avoid
a top, and the break triggered a 7 point drop down to a
1104.25 low. The updated resistance given at the 1107.75-
1108.50 area then offered 2 scalp trades before the last
hour bounce.

Good Trading,
Mike Reed
TradeStalker.com