HOW OUR DAY WENT:
The early strength was reversed at the
1099.00 level on the ES - right at the 1098.50-1099.00
resistance zone - and then dropped 10.50 points to 1088.50,
just 2 ticks over the 1088.00-1087.00 support/ target.
That set up a reversal pattern and the ES rallied to
1096.50 updated resistance. A pullback then held our
updated 1093.00 support and reversed and rallied into
the close.
Good Trading,
Mike Reed
Tuesday, January 05, 2010
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