Monday, August 8, 2011

TraderSmarts Numbers for the YM Emini Futures - Tuesday August 9, 2011

Support becomes resistance and vice versa...

10624, 10665, 10685, 10705, 10764, 10826, 10921, 10940*, 11103, 11039, 11092, 11111, 11187, 11244, 11320, 11332, 11372, 11408*, 11449, 11516, 11535, 11593*, 11641*, 11694, 11729, 11755, 11775*, 11804*, 11821 Resistance on the YM Emini Futures

10378, 10323, 10261*, 10230, 10138, 10059, 9996, 9883*, 9863, 9806, 9721, 9593, 9502, 9463, 9444*, 8679, 8417, 7906, 7771*, 7755* Supports

Trade smart and trade well!

Daily equity chart has making of 1987 crash scenario in terms of velocity of move. Obviously highest odds trades are important but I have also put * next to important areas for equity. This is a market that you have to trade in real time and be nimble.

YM: 11804 - 11593 zone for highest odds short FTU. A big zone so focus on the highest odds areas in the zone. It may be we don't see that zone in Wednesday session. 11003 range short. 10261 range long. 9444 highest odds long FTD. 7771 - 7755 extreme long.