Support becomes resistance and vice versa...
TraderSmarts Numbers for the YM
10393, 10430, 10464, 10515 Resistance on the YM Emini Futures
10377, 10354, 10333, 10310, 10283, 10162 Supports
10395 is line in sand for longs. 10283 is line in sand for shorts.
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.
YM: Expecting a move to the higher area 10470 - 10560 I have been wanting. Swing Traders pay attention.
From Monday: 6E: Betting against the "Career Trade". Looking for CIT here. Needs a close over 1.3687 to confirm. If this fails I have another area - all I will say for now is it is above 1.3175.
6E: Move up failed Monday. Looking at 1.3286 area for next CIT
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