Thursday, August 5, 2010

TraderSmarts Numbers for the YM Emini Futures - Friday August 6, 2010

Support becomes resistance and vice versa...

10699, 10794, 10833 Resistance on the YM Emini Futures

10632, 10613, 10532, 10461*, 10403, 10376, 10333, 10255 Supports

Trade smart and trade well!

Not much has changed. 4 days of consolidation ahead of NFP Friday. Is there going to be an anomaly in the number? Like I tweeted today 1155 is big upside target but 1135 is initial target. The floor HERE (last 4 days range lows) feels VERY weak but NFP fear seems to be keeping it up. If we pop on number 1135 seems logical area to fade for reversion back to the mean. If we dump hang on because I can see us all the way back to 1090.75. (Numbers for the ES)

YM: 10699 very decent spot to look for shorts FTU. 10794 highest odds short FTU. 10532 good spot to look for long FTD. 10461 highest odds long FTD.

1 comment:

Tyler77 said...

How can I calculate your numbers?