Today is a perfect example of why I like to trade ES Futures and not stocks. The pivots suggested last night if followed correctly were the way to go for sure. The opening gap up to flat and a cross over the 688 pivot was a nice buy entry for 11 possible points. We then rolled over which then suggests the next support 673 area for a buy attempt. There was a nice 10 point bounce from there as well before rolling over. The market traded in a lower channel before monster short covering hit the wires and gave a nice entry at 673 again for a rally into the close. Great day all and thanks for dropping by. Talk with you Sunday Night. Cheers!
Friday, March 6, 2009
Great Day!
Today is a perfect example of why I like to trade ES Futures and not stocks. The pivots suggested last night if followed correctly were the way to go for sure. The opening gap up to flat and a cross over the 688 pivot was a nice buy entry for 11 possible points. We then rolled over which then suggests the next support 673 area for a buy attempt. There was a nice 10 point bounce from there as well before rolling over. The market traded in a lower channel before monster short covering hit the wires and gave a nice entry at 673 again for a rally into the close. Great day all and thanks for dropping by. Talk with you Sunday Night. Cheers!
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