Thursday, May 27, 2010

TraderSmarts Numbers for the YM Emini Futures - Friday May 28, 2010

TraderSmarts Numbers for the YM

10251, 10298, 10375*, 10451*, 10471, 10497 Resistance on the YM Emini Futures

10202, 10176, 10075*, 10030, 10009, 9932 Supports

Trade smart and trade well!

YM: 10219 was highest odds short FTU for Wednesday. We got a reversal at 10212 and then 10215 FTU. Then we blew through 10219 with 10 min to the close. Obviously you don't take that short after resistance just under the 10219 two times and then the move into it with less than 15 min to go in cash session.

Thursday highest odds short FTU is 10451 and then 10375. Highest odds long FTD is 10075. Under 10075 and holding and expecting a long squeeze to ensue.

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