Monday, April 11, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday April 12, 2011

Support becomes resistance and vice versa...

12545, 12464, 12422, 12389 - 12381, 12356, 12324, 12293,

12293, 12324, 12356, 12381 - 12389, 12422, 12464, 12545 Resistance on the YM Emini Futures

12270, 12244, 12208, 12185, 12171, 12140, 12122, 12088, 12049, 12015, 11989 - 11985, 11963 Supports

Trade smart and trade well!

YM: Equity continues to be stuck in this range. It keeps finding resistance intraday at the big 12381 - 12389 TS # range. So far the highest close on the daily is 12357. Expecting a big move to happen from here.

12324 remains KEY to hold under to initiate selling. 12422 highest odds short FTU and until proven otherwise will treat it as a potential BIL move FTU.

12270 - 12244 range long and also KEY line in the sand below 12324. Under and holding 12244 and can target 12171 which is highest odds long FTD. 11989 - 11963 extreme long.

The way we have been building for something I could see a 300 point 1 day move on deck here soon.

No comments: