Thursday, December 30, 2010

TraderSmarts Numbers for the YM - Thursday December 30, 2010

Support becomes resistance and vice versa...

11616, 11578, 11553, 11538 Resistance for the YM Emini Futures

11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports

Trade smart and trade well!

YM: Extreme: 11578 -11570 highest odds short FTU. 11231 - 11209 highest odds long FTD.  11298 another spot to consider long. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11700 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.

Range: 11553 highest odds short FTU 11481 highest odds long FTD. 11512 aggressive long.

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