Monday, January 31, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday February 1, 2011

Support becomes resistance and vice versa...

11872, 11893, 11914, 11932, 11962, 11998 - 12007, 12046 Resistance on the YM Emini Futures

11854, 11822, 11795, 11750, 11717, 11707, 11692, 11648, 11620, 11585, 11520, 11502, 11477, 11398 Supports

Trade smart and trade well!

YM: Still viewing this (11893, 11872, 11854) area as extremely significant. 11932 - 11914 highest odds short FTU. 11585 highest odds long FTD. 11648 excellent spot to consider long. 11872 - 11854 and then 11693 can ve biewed as lines in the sand. I will be shorting 11932 - 11914 with the expectation that we sell back under 11872 and hold. Under 11693 and holding and will be targeting 11585. Over and holding 11932 and expectation is we move to new highs at 11998 minimum.

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