Support becomes resistance and vice versa.
10940, 10962*, 11022 Resistance on the YM Emini Futures
10924, 10880, 10861, 10837, 10775 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10994 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then until now. That is the definition of support becomes resistance and vice versa. 10894 should it get that low will be in play Tuesday. Need to snap that and then CLOSE under 10775 for selling to commence. 10962 is Key to new highs.
CL: (We got the 87 even test - was that enough?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update.
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