Thursday, February 17, 2011

TraderSmarts Numbers for the YM Emini Futures - Friday February 18, 2011

Support becomes resistance and vice versa...

12291, 12305, 12344, 12365, 12404 Resistance on the YM Emini Futures

12269 - 12262, 12248 - 12242, 12227, 12215 - 12204, 12186 - 12182, 12164 - 12160, 12149 - 12143, 12125 - 12121

Trade smart and trade well!

The way the week is setting up there is NO REASON for equity not to close at the highs.

YM: 12344 highest odds short FTU. 12149 - 12143 highest odds long FTD. 12269 - 12262 range long and immediate line in the sand. Under Thursday range long 12227 and holding and a move down to 12149 is possible. Not what I am expecting - see above.

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