TraderSmarts Numbers for the YM Emini Futures - Friday 10/30/2009

Support becomes resistance and vice versa...

(9909 - 9922), 9960, 1039, 1088 Resistance on the YM Emini Futures

9880, (9818 - 9809), 9751, 9688

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures - Thursday 10/29/2009

Support becomes resistance and vice versa...

9742, 9759, 9775, 9808, 9882 Resistance on the YM Emini Futures

9708, 9688, 9614 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9817, 9854, 9883, 9899, 9960, 10039, 19122 Resistance on the YM Emini Futures

9744, 9688, 9616 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9858, 9883, 9922, 9964, 1039, 10122 Resistance on the YM Emini Futures

9808, 9766, 9723, 9688, 9612 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9986, 10039, 10111, 10134 Resistance on the YM Emini Futures

9844, 9808, 9766, 9688 Supports

Trade smart and trade well!

A Look at the Daily Chart of the YM Emini Futures - 10/25/2009

We are experiencing what could be described as topping action in the major indices. As I mentioned in a tweet on Friday we have had 3 months of negative divergence on the daily chart. I wouldn't be surprised to see the Dow make a swift drop down to about 9500 from here and then one final push to new highs around the 10468 area before doing the final CIT (change in trend) and heading back towards the March 2009 lows. I have been calling for 10313 - 10625 for some time now and I still think that this area, at a minimum, will be tested before we finally roll over. This is the overall price action I see playing out in the longer term.

Keep in mind that money in trading is made not by being right in your predictions but by being on the right side of the price action. This is just what I see happening. It could or could not happen. I will not try to force my will on the market. The best traders I know don't care what the market is going to do...they just know what THEY are going to do if the market does A or if the market does B. Much better to be prepared to act on what the market does than to try to predict what it is going to do. All that being said the above is my forecast of how I see price action playing out from here.

Note: The black line on the chart is the OVERALL price direction I am anticipating. I do not think we will go straight down like the black line in the chart. Obviously price will ebb and flow, the main point is that the 10313 - 10625 price area should be touched to the upside before we have a major CIT. By major CIT I mean that once price reaches this major CIT area the march lows should be in play before any new highs.

The other area I have been keying on for a major CIT is 11250 - 11875. So, in conclusion, I will be expecting a rather fast move down to 9500 or so from here, then a move back to 10468 or so. Once we are at the 10468 area I will reassess the situation and most likely either anticipate a major CIT is in the works or be on the lookout for 11250 - 11875 as the major CIT area and then a move back towards the March 2009 lows.

TraderSmarts Subscriber Numbers for the YM, ES, & GC

These are the TraderSmarts Numbers sent to subscribers overnight. Please subscribe in the upper right hand corner of this blog to ensure TraderSmarts Numbers sent before the cash open...

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

10174, 10138, 10111, 10056, 10020, 9984, 9963, 9905

TraderSmarts Numbers for the ES

1111.25, 1105.5, 1097.75, 1091.75, 1087.75, 1083.5, 1080.5, 1078.5,

TraderSmarts Numbers for the GC

1093, 1074.4, 1066.6, 1061.9, (1058.4 - 1057.3), 1051, 1046.1, 1039.5
If it can hold over 1030 then 1093 is the eventual target. Speed doubled after the Oct 6 move.

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9949, 9960, 10014, 10029, 10111, 10143 Resistance on the YM Emini Futures

9905, 9890, 9833, 9801, 9767, 9721, 9692 Supports

Trade smart and trade well

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

10044, 10111, 10154 Resistance on the YM Emini Futures

9995, 9974, 9953, 9914, 9884 Supports

Trade smart and trade well!

TraderSmarts Subscriber Numbers for the YM, ES, & GC

These are the TraderSmarts Numbers sent to subscribers overnight. Please subscribe in the upper right hand corner of this blog to ensure TraderSmarts Numbers sent before the cash open...

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

10044, 9969, 9947, 9929, 9888, 9866, 9806, 9733

TraderSmarts Numbers for the ES

1097, 1092.5, 1086.25, 1083, 1079.5, 1074.75, 1067

TraderSmarts Numbers for the GC

1074.4, 1062.5, 1058, 1053.7, 1050.8, 1045.5, 1038.7
If it can hold over 1030 then 1093 is the eventual target. Speed doubled after the Oct 6 move.

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9933, 9958, 9981, 10019, 10044 Resistance on the YM Emini Futures

9898, 9882, 9855, 9808 Supports

Trade smart and trade well!

Random Thought

If you approach life like a "know it all" then what is left for you? Much better to appproach life like a little child and be eager to learn and grow.

TraderSmarts Numbers for the YM Emini Futures

Suppport becomes resistance and vice versa...

9930, 9952, 9994, 10019, 10044 Resistance on the YM Emini Futures

9891, 9882, 9837, 9806 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9922, 9958, 9999 Resistance on the YM Emini Futures

9898, 9834, 9808, 9766 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

These were the TraderSmarts Numbers for the YM Emini Futures sent to subscribers before the open. Please subscribe to ensure you receive the TraderSmarts Numbers before the open.

Support becomes resistance and vice versa...

9922, 9898, 9858, 9829, 9809, 9798, 9746, 9688, 9619

Trade smart and trade well!

TraderSmrts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9747, 9764, 9834, 9855, 9898, 9922 Resistance on the YM Emini Futures

9720 - 9710, 9634, 9450 Supports

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9687 - 9673, 9648 - 9635, 9578 Supports on the YM Emini Futures

9784, 9855, 9922 Resistance

Trade smart and trade well!

TraderSmarts Subscriber Numbers Again Today...

Here are the TraderSmarts Numbers for the YM, ES, & GC sent to subscribers overnight. Please sign up to ensure TraderSmarts Numbers sent before the market open every trading day...

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

9922, 9855, 9765, 9688, 9652, 9638, 9600, 9568, 9494

TraderSmarts Numbers for the ES

1062, 1054.5, 1052.5, 1048, 1045, 1042.50, 1038.5

TraderSmarts Numbers for the GC

1072, 1066, 1060.5, 1053.9, 1047, 1035, 1028.8, 1022

Now if it can hold over 1030 then 1093 is the eventual target. Speed has just increased

(From previous day: Over 1016 and holding with 1019.5 as KEY and a 30 pts higher is the target - TARGET HIT.)

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Again posting the TraderSmarts Numbers that were sent to subscribers overnight - a lot going on this week! Gold made the move up to the 1046 target area I have been mentioning recently (see subscriber emails or previous posts).

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

9714, 9642, 9601, 9567, 9554, 9531, 9511, 9496, 9424

TraderSmarts Numbers for the ES

1054.5, 1047, 1041.5, 1038, 1035, 1031.5, 1026.5, 1023

TraderSmarts Numbers for the GC

1046, 1035, 1027.2, (1018.5 - 1017.9), 1013.7, 1010.9, 1008.6
Over 1016 and holding with 1019.5 as KEY and a 30 pts higher is the target

Trade smart and trade well!

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TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9528, 9567, 9667 Resistance on the YM Emini Futures

9457, 9408, 9375, 9360 Supports

Trade smart and trade well!

Please subscribe in the uppper right hand corner of this blog to ensure TraderSmarts Numbers delivered before the open every morning.

TraderSmarts Subscriber Numbers for the YM, ES, and GC

A lot going on and forgot to update the blog this AM, sorry, so as a bonus posting the TraderSmarts Numbers that were sent to subscribers overnight:

Support becomes resistance and vice versa...

TraderSmarts Numbers for the YM

9694, 9610, 9567, 9547, 9518, 9488, 9438, 9377*, 9333

TraderSmarts Numbers for the ES

1043, 1040.5, 1036.75, 1032.75, 1024.5, 1016.25, 1014.75

TraderSmarts Numbers for the GC

1013.7, 1010.5, 1007.6, 1005.8, (1004 - 1002.9), 1001.9, 993.8, 989.6, 980.7, (978 - 976)
Over 1016 and holding with 1019.5 as KEY and a 30 pts higher is the target

Trade smart and trade well!

TraderSmarts Numbers for the YM Emini Futures

Support becomes resistance and vice versa...

9610, 9671, 9727, 9808, 9858, 9929 Resistance on the YM Emini Futures

9573, 9533, 9476 Supports

Trade smart and trade well!

Please subscribe in the upper right hand corner of this blog to receive TraderSmarts Numbers for the ES, YM, and GC before the open every trading day