Sunday, February 21, 2010

TraderSmarts Numbers for the YM Emini Futures - Monday February 22, 2010

Support becomes resistance and vice versa...

10403, 10430, 10464, 10515, 10560 Resistance on the YM Emini futures

10356, 10271, 10243, 10198 Supports

Trade smart and trade well!

In the 1/24/10 daily chart update I said: "I do not expect the YM to get back over 10566. I will be targeting 10309 - 10430 for swing shorts." I still don't expect it back above 10566 but am thinking that the range is probably a little higher to look for swing shorts. My view that the high of the year has already been printed still stands.

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