Support becomes resistance and vice versa...
12208, 12235, 12257, 12275, 12293, 12304, 12324, 12356, 12381 - 12389, 12422, 1246, 12545 Resistance on the YM Emini Futures
12185, 12171, 12140, 12122, 12088, 12049, 12015, 11989 - 11985, 11963 Supports
Trade smart and trade well!
YM: 12324 - 12257 highest odds short. If we fail again at 12257 then we can probably expect a move down and through the 12171 TS #. 12049 - 12015 highest odds long FTD. 11989 - 11963 extreme long.
Leaving Tuesday notes up for context (as you can see we are having issues at 12171 TS # which makes sense. Will need under that for continued selling and eventual test of 11989 - 11963) : 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.
2 comments:
Thought you might like this quote, I found it very apt for trading:
"I am open to the guidance of synchronicity, and do not let expectations hinder my path."
-Dalai Lama
Great quote!
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