Day Trading Futures Blog !

Nightly E-Mini Support and Resistance levels, Trading Plan, and Intraday Instant Messenger Room for Day Traders focusing on the E-mini S&P and E-mini Nasdaq delivered from a Veteran Trader with More Than 30 Years of Experience!

Tuesday, October 08, 2013

Oct 8, 2013 Market Action

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Attached is a chart with some comments and the s/r lines for today. Lots of lessons in the chart today. Have a look, it was a great day for ...
Tuesday, September 24, 2013

Sept 24, 2013 Marke Action

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If you saw or had access to last nights update you will see that I called a reversal right at the low today. Check out chart below and see w...
Tuesday, September 10, 2013

September 10, 2013 Market Action

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The ES gapped up 10+ points and quickly sold off from the 1680.75 Fixed resistance area and pulled back 3.75 points to 1677.00 just above fi...
Monday, September 09, 2013

September 9, 2013 Market Activity

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Today's theme: Resistance Once Broken Becomes Support. This is a very basic concept that works time and time again. Check out the chart ...
Monday, August 19, 2013

August 19, 2013 Market Action

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The market opened up just under 1654 resistance and dropped down just above the 1648 support level where is found some buyers and attempte...
Tuesday, July 16, 2013

July 16, 2013 Market Action

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Today the market opened up and tagged the 1679.50 resistance area and quickly sold off. A break of the 1676.50 support area had us on alert ...
Monday, July 15, 2013

July 15, 2013 Market Action

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Today the market opened up at the 1675 resistance area nad quickly ran up. That was rejected and the market came down but did not stay under...
Thursday, July 11, 2013

July 11, 2013 Market Action

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Big gap up today in the markets and mostly sideways trading for the day until the afternoon when the market broke out to the upside. Still i...
Tuesday, July 09, 2013

July 9, 2013 Market Action

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Today the market opened up near the 1644 resistance area and immediately shot up to just under the 1647 res area. A pullback to the 1642 res...
Friday, June 28, 2013

June 28, 2013 Market Action

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Today the market opened up at the 1601 support level but could not keep above for very long. A Run down to the 1595.00 support turned the ma...
Wednesday, June 26, 2013

June 26, 2013 Market Action

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Today the market gapped up into the third resistance level published in last nights update. That was in line with one of my setups to get sh...
Monday, June 24, 2013

June 24, 2013 Market Action

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Today we gapped down and after bottoming out near the 1553.00level the market started a slow and steady grinding higher taking out two of ...
Wednesday, June 19, 2013

June 19, 2013 Market Action

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Today we had mostly sideways action pre fed announcement. But for those who were patient a classic setup that I teach in the course occurr...
Monday, June 17, 2013

June 17, 2013 Market Action

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The market gapped up higher today above three resistance levels and then ran up to exceed the the fourth level at 1369.50. The push thru was...
Monday, June 10, 2013

June 10, 2013 Market Action

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Today the market opened up just above the first resistance level at 1647.00 and ran up to tag the 1648.00 Second resistance level. That was ...
Wednesday, June 05, 2013

June 5, 2013 Market Action

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Today the market opened just under initial support and gave us a great shorting opportunity right from the get go. That rejection there at t...
Tuesday, June 04, 2013

June 4, 2013 Market Action

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Nice Range today and some really good opportunities to make some decent gains. I have outlined on the chart below 5 very basic trades that I...
Monday, June 03, 2013

June 3, 2013 Market Action

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The market bounced early from initial resistance on Monday but was not able to clear initial resistance. A rejection brought the market down...
Friday, May 31, 2013

May 31, 2013 Market Action

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Very good range today and lots of opportunity to make some great trades. See the chart and observe how price moves between the support and r...
Thursday, May 30, 2013

May 30, 2013 Market Action

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Today the market made a straight run in the early going past through the initial resistance. An overshoot of the the 1656 area brought the m...
Tuesday, May 28, 2013

May 28, 2013 Market Action

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After a gap up open and run up to 1673.00 the market came down and was pretty much in a down trend all day until reaching the 164.00 area la...
Friday, May 24, 2013

May 24, 2013 Market Action

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Today the market opened up near the the 1638 support area and made a small run to the 1642 support now resistance. A failure there brought t...
Thursday, May 23, 2013

May 23, 2013 Market Action

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Today the market opened up at the bottom suupport zone and after just poking underneath a run up to support zone number 2 which was now resi...
Wednesday, May 22, 2013

May 22, 2013 Market Action

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Good action today from the news and we had a good range. There were some real nice last trapped setups today. I teach the setup in my ebook ...
Tuesday, May 21, 2013

May 21, 2013 Market Actions

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Today the market opened up just at support and after a small attempt to go up the market came down and pierced through the support area. The...
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About Me

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Mike Reed
Grew up in lower middle-class Midwest family. Brought up by great parents. Graduated with honors from high school, while earning All-State honors in 3 sports. Went to college on a full ride baseball scholarship. Pro career curtailed when I fractured C4-C5- vertebra, causing paralysis in 4 limbs. Rejuvenated interest in stock market post injury, began trading career in 1982. Continue as Associate scout for Seattle Mariners Major League Baseball team. Happily married to beautiful wife Julie. Have 6 children and 2 yellow labs.
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