Wednesday, May 15, 2013

May 15, 2013 Market Action

Today we opened at support and after the market was able to hold
above it for some time it was a clue that the market might go higher
A push through the initial resistance area fueled a rally right up
to the las fixed resistance area mentioned last night. There were a
few good opportunities to get long on that rally and make some points.
A retest of the 1654 area failed and the market broke down which gave
us an opportunity to get short down to the 1650 area where the market
bounced and moved up into the close.

Great trading today around the s/r areas. There were some classic "ebbok"
setups which if you had been trained to see them could have made you
some profit.  Check out the ebook and get on board to making some $$.


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