Support becomes resistance and vice versa...
10395, 10412, 10430, 10447, 10464, 10515, 10560 Resistance on the YM Emini futures
10356, 10309, 10243, 10184 Supports
10412 is the line in the sand for upside. 10356 is the line in the sand for downside.
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." Monday the YM made a high at 10434 and dumped NICELY to 10356. 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.
We are in a KEY area. Trade accordingly. If you are a swing trader pay attention here - don't miss this.
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