Wednesday, May 4, 2011

TraderSmarts Numbers for the YM Emini Futures - Thursday May 5, 2011

Support becomes resistance and vice versa...

12732, 12748, 12764, 12796, 12804, 12822, 12857, 12895, 12927, 12959 Resistance on the YM Emini Futures.

12711, 12688, 12658, 12618, 12594, 12545, 12509, 12472, 1236, 12422, 12389 - 12381, 12366 Supports

Trade smart and trade well!

A lot of news driven events in the early AM. Be on alert we have ECB, Jobless Claims, Bernanke and Trichet all on deck.

 YM: 12895 highest odds short FTU. 12822 + 10 ticks is conservative range short. 12764 range short. 12594 range long. 12509 highest odds long FTD. 12764 - 12732 KEY area for direction.

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