HOW OUR DAY WENT:
The gap up open was sold on Monday and
the ES dropped 4 points from 1178.50 to 1174.50 (right at
the 1174.75-1174.00 support zone) and turned right back up.
That lead to a good rally, as the ES made a new high for the
year at 1183.75 about 90 minutes into the trading day. That
turned into the top of a narrow 2.75 point range between that
1183.75 high on top and 1181.00 on the bottom as the market
traded sideways after the first 90 minutes of trading.
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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)
Tuesday, April 06, 2010
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