HOW OUR DAY WENT:
The ES dropped to 1103.25 in the first
25 minutes and turned back up. The second support area was
at 1104.00-1103.50 for Tuesday, and a rally to the 1109.50-
1110.25 resistance zone followed. The reversal there set up
a short and the ES drifted down to 1104.00 support before
bouncing. Then the 1106.50-1107.00 updated resistance
turned the market back down, with the ES dropping from
1106.25 to 1100.25 -- a new low for the day per last
night's bearish bias -- and right at the 1100.50-1099.75
key support zone.
Good Trading,
Mike Reed
TradeStalker.com
Wednesday, December 16, 2009
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