Support becomes resistance and vice versa...
10622, 10647, 10688 Resistance on the YM Emini Futures
10566, 10622, 10475, 10437 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.
Closing over 10625 and I sit up and take notice.
See the latest look at the daily chart:
1/1/2010 An Updated Look at the Daily Chart of the YM
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