Support becomes resistance and vice versa...
10566, 10611, 10662, 10722, 10748 Resistance on the YM Emini Futures
10534, 10404 Supports
Trade smart and trade well!
YM: Plunged through 10625 Wednesday and closed below. Again let's watch the close...
On another note the level of ascent since the 11/16/2009 look at the daily chart blog post has been NIL. We gained 345 YM points in 2 months. And at the lows on Wednesday we had given back 2/3 of that. To me it looks like a VERY tired market. AS of now the move over 10625 looks like the blowoff I had expected. If we can start closing over 10625 again that outlook could be negated.
CL: Subscribers take note EIA Petroleum today is at 8 AM Pacific. Natty Gas 1/2 hour before that.
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