Tuesday, May 10, 2011

TraderSmarts Numbers for the YM Emini Futures - Wednesday May 11, 2011

Support becomes resistance and vice versa...

12707, 12732, 12748, 12764, 12796, 12819, 12857, 12895, 12927, 12959 Resistance on the YM Emini Futures

12695, 12676, 12652, 12623, 12594, 12576, 12509, 12472, 12436, 12422, 12389 - 12381, 12366, 12321, 12300, 12212, 12157 Supports

Trade smart and trade well!

Only slight changes in equity. Tried to break up EOD Tuesday but didn't get much traction. Expecting extensive vertical development again here soon.

YM: The 12695 - 12652 zone is important. Holding over it and I expect test of highest odds short FTU. Test back down into it Wednesday and can look to long the lower end of it for move to 12764 with appropriate stop. 12764 highest odds short FTU. 12509 important FTD and the range long. 12389 - 12381 highest odds long FTD. 12321 - 12300 extreme long.

No comments: