Thursday, April 01, 2010

Today's Trading Recap: 03/31/10

HOW OUR DAY WENT:

A lower open was bought on Wednesday, but
the bounce didn't stick and the ES dropped from 1167.00 to
1161.25 in the first 25 minutes of trading. The move then
reversed back up, and the ES rallied back to 1170.50 before
pulling back. A bounce back to 1170.50 was rejected again,
and then a 123 top formed getting us short and the ES headed
7.75 points lower in a hurry.

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Good Trading,
Mike Reed
TradeStalker.com

This publication's primary focus is trading the index
futures ($ES_F). However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)

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