May 1, 2013

The market opened up at the 1588 level listed as support but since we opened below that level it turns into resistance. The level was quickly rejected as the market fell to the 1583.00 support level. The market bounced from there to test the 1588 level which setup a short opportunity. The market then fell again breaking the 1583 level this time and then on a feeble bounce another shorting opporutinity came in the form of one of the setups taught in my ebook called the slinky. The short there was good too the 1579 support level for about 4 points. Later yet another shorting opportunity came after the bounce from 1579 which ended up breaching the low for a weak close on the day. Don't miss out on these moves. Today there were some good setups which could have easily made about 10 points on ES. Check out the website at www.tradestalker.com and pick up your copy of the ebook and 2 free weeks on the nightly real time newsletter with all the levels of support and resistance before the market open.