Support becomes resistance and vice versa...
10329, 10365 Resistance on the YM Emini Futures
10285, 10250, 10193, 10167 Supports
Trade smart and trade well!
It is worth noting that we broke down (Thanksgiving Dubai news) from the exact 10468 level I mentioned on 10/25/09. See the last paragraph in this post: http://tradersmarts.blogspot.com/2009/11/updated-look-at-daily-chart-of-ym-emini.html
We are now back to and have traded higher then the Pre-Thanksgiving levels. Still we are INSIDE the key area from the 10/25/09 post. The thing I am keying on now is what area is taken out first and held below or above. Downside at 10313 or upside at 10625. This will be a telling clue IMO as to probability of CIT.
We took out 10313 yesterday for the first time. I am on high alert for potential for things to get ugly fast. Keying on if we hold under 10313.
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