Support becomes resistance and vice versa...
10395, 10430, 10464, 10515 Resistance on the YM Emini Futures
10318, 10286, 10243, 10215, 10195, 10158 Supports
Remember 10356 and 10260 – they are significant.
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." The high FTU was 10434 and then we sold nicely down to a low of 10172 Thursday. I have been saying that while I still don't expect it back above 10566 I think the range is probably a little higher to look for swing shorts. I did get some short (small size relative) in my range but have felt a little left behind as we sold nicely from my original area without making the higher range I now expected. I would really like 10470 - 10560 area tagged. Anyway Friday closes out the monthly candle. Let's see what happens.
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