Support becomes resistance and vice versa...
12422, 12436, 12464, 12476, 12505, 12545, 12582 Resistance on the YM Emini Futures
12389 - 12381, 12366, 12345, 12324, 12300, 12277, 12241, 12219, 12191 - 12185, 12157, 12117, 12088, 12049, 12015, 11989 - 11985, 11963, 11922 Supports
Trade smart and trade well!
Big doji on YM and ES Monday. Not much change in TS #'s. Europe was closed. I think we are on the verge of a significant move down but the wild card is the heavy economic calendar this week including the FOMC results and Big Ben's first quarterly press conference since the announcent on March 24th. Keep an eye on the 120'100 level in ZN for clues.
YM: 12582 highest odds short FTU. 12505 range short. 12436 - 12422 important area for bulls to get through. If we fail getting through this area then can target lower shorts. 12157 highest odds long FTD. 12366 - 12345 important area to get through for bears. 12300 range long. 12241 another spot to consider long.
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