Trading is so thin this week - time is best spent on review and 2010 planning/goals.
Support becomes resistance and vice versa...
10513, 10531, 10585, 10622 Resistance on the YM Emini Futures
10466, 10433, 10371, 10309 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 inside the key range of 10313 - 10625. As I have been saying 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.
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