Support becomes resistance and vice versa...
10155, 10185, 10211, 10277, 10329, 10356, 10395 Resistance on the YM Emini Futures
10129, 10022, 9982 Supports
Trade smart and trade well!
YM: 5 red days in a row (albeit slightly with a BIG red doji on Tuesday). First time since March 2009 that we have had more than 4 red days in a row. Busy eco day Wednesday with FOMC annc, Geithner, Obama (is there a day he doesn't speak), New home sales, and EIA Petroleum - should be interesting!
CL: EIA Petroleum out in the AM. 3 day consolidation in oil ahead of release. A lot of TraderSmarts Numbers close together due to the consolidation. Be careful of getting caught on the wrong side of a big move using the strategy that I have mentioned before for this inventory release.
Check out the latest Daily Chart Update.
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