Monday, December 20, 2010

TraderSmarts Numbers for the YM Emini Futures - Tuesday December 21, 2010

Support becomes resistance and vice versa...

11476, 11512, 11538, 11578, 11616 Resistance on the YM Emini Futures

11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports

Trade smart and trade well!

The contract notes have been reflecting an expected increase in volatility that has not come yet. For today I will include a Range and Extreme for the contract notes for YM and ES. Make sense?

YM: Extreme: 11578 - 11538 highest odds short FTU. 11231 - 11209 highest odds long FTD.  11298 another spot to consider long. 11393 is the immediate line in the sand. Over and holding and expecting to test 11538 from here. Range: 11476 highest odds short FTU. 11375 highest odds long FTD. 11410 aggressive long.

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