Monday, January 3, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday January 5, 2011

Support becomes resistance and vice versa...

11606, 11633, 11676, 11717 Resistance on the YM Emini Futures

11578, 11553, 11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports

Trade smart and trade well!

YM: Extreme: 11717 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.

Range: 11676 highest odds short FTU. 11633 aggressive early short. 11553 highest odds long FTD.

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