HOW OUR DAY WENT:
The ES rallied to 1188.25 in the first
35 minutes (in the 1188.00-1189.00 resistance zone), then
dropped to 1183.00 (just over the 1182.50-1182.00 initial
support) about an hour into the day and it turned back up.
That move failed at 1188.75 and after a little double top
reversed the ES dropped and made a better double bottom at
1185.00. In the last 30 minutes the ES broke and held 1188.00,
and that caused a run of 5 more points up into the close.
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Good Trading,
Mike Reed
TradeStalker.com
Monday, April 12, 2010
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