Tuesday, January 4, 2011

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

Support becomes resistance and vice versa...

11612, 11636, 11676, 11717 Resistance on the YM Emini Futures

11578, 11528, 11512 - 11506, 10481, 10439, 11350, 11320, 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. 11636 - 11620 aggressive early short. 11528 - 11506 highest odds long FTD.

No comments: