Support becomes resistance and vice versa...
11069, 11111, 11125, 11155, 11192 Resistance on the YM Emini Futures
11036, 10994, 10958, 10922, 10894 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 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Really interested to see what 10894 does on next test. Rejected at 11097 number I tweeted Wednesday morning. I don't think that contains it next time up - if we test again will be expecting higher.
CL: 87.5 was touched on the M contract (high was 87.59) so inline with 87.5 target I have been mentioning. Still expecting a 57.5 eventual test. When to get swing short is the question that needs answering. If we can get the 84.30 area again that may be a great area to try.
6E: Trying to get a CIT off this 1.3286 Number first mentioned in the March 2nd update. The 1.3492 downside target was hit on Friday. Currently STUCK between the 1.3406 & 1.3488 TraderSmarts Numbers from Wednesday. I have it boxed for now as mentioned in tweets.
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