Support becomes resistance and vice versa...
TraderSmarts Numbers for the YM
12117, 12127, 12138, 12147, 12186, 12206, 12239, 12277, 12338, 12413, 12446 Resistance on the YM Emini Futures
12072, 12042, 12027, 12008, 11998, 11969, 11932, 11906, 11898, 11864, 11842, 11795 - 11785 Supports
Trade smart and trade well!
These are Wednesday's Numbers for the MARCH CONTRACT - best to key off of the March contract for Thursday regardless of which contract you are trading. The contract notes still apply. Crazy day on Wednesday - exhibited signs of topping action. Makes sense that the next big move in equity is down.
My advice for rollover can be found here: How I Handle Contract Rollover
I would also add that if you can just trade something that is not rolling - makes it so much simpler.
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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