Wednesday, January 12, 2011

TraderSmarts Numbers for the YM - Thursday January 13, 2011

Support becomes resistance and vice versa...

11717, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futures

11685, 1661, 11649, 11625, 11605, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports

Trade smart and trade well!

YM: Extreme: 11797 - 11777 highest odds short FTU. 11439 highest odds long FTD. 11544 an aggressive long. I am starting to look for an intermediate top to be in. Have been targeting 11717 which was finally hit Tuesday before a minor CIT takes place. I can now see up to about 11797 but at this point am still expecting a quick 500 point drop before moving much higher.

Range: 11717 is still the highest odds short FTU until it isn't. That being said I am expecting a move to 11750 which would technically be the highest odds short FTU - make sense? 11625 highest odds long FTD. 11661 aggressive long.

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