Monday, January 31, 2011

TraderSmarts Numbers for the YM Emini Futures - Monday January 31, 2011

Support becomes resistance and vice versa...

11794, 11854, 11872, 11893, 11914, 11932, 11962, 11998 - 12007 Resistance on the YM Emini Futures

11750, (11717, 11707, 11692), 11648, 11620, 11585, 11520, (11502, 11477), 11398 Supports

Trade smart and trade well!

YM: Friday we snapped through the 11870 line in the sand on the bigger picture. Expecting sellers to be active on the first retest of the (11894, 11872, 11854) area. Over that and we have 11932 - 11914. Consider those areas highest odds short FTU. 11502 - 11477 highest odds long FTD. 11648 - 11620 excellent spot to consider long. Also expecting 11717 - 11692 to be significant FTD.

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