Tuesday, March 8, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday March 9, 2011

Support becomes resistance and vice versa...

12186, 12206, 12239, 12277, 12338, 12413, 12446 Resistance on the YM Emini Futures

12147, 12138, 12127, 12117, 12072, 12042, 12027, 12008, 11998, 11969, 11932, 11906, 11898, 11864, 11842, 11795 - 11785 Supports

Trade smart and trade well!

YM: 12238 and 12027 KEY for big picture. If we snap and hold 12238 can expect 12338. If we break up and you are not long already 12277 is worth a shot short for potential BIL move if the actual move is going to be down - have to consider the context of the market. 12147 - 12117 is significant support to the downside ahead of 12027. This is high odds area to consider long in range. Under and holding 12117 and expecting snap of 12027 lows into 11898 first target.

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