Tuesday, October 11, 2011

TraderSmart Numbers for the YM - Wednesday October 12, 2011

Support becomes resistance and vice versa...

11272, 11301, 11336, 11368, 11390, 11413, 11421, 11443, 11474, 11486, 11497, 11515, 11539, 11559, 11568, 11628, 11736 Resistance on the YM Emini Futures

11253, 11237, 11225, 11212, 11195, 11173, 11146, 11125, 11093, 11065, 11046, 11033, 11024, 11016, 10972, 10945, 10930, 10882, 10835, 10809, 10786, 10749 Supports

Trade smart and trade well!

YM: 11168 TS # was key in Tuesday session. 11168 - 11136 TS # is line in the sand for Wednesday. 11569 - 11568 highest odds short FTU. 11486 - 11474 and 11421 all still spots to consider range short. Question to ask is what did it do prior to coming into range short? How low did it test? 11173 - 11125 range long. The 11046 +/- 20 ticks area big under that. Then 10945 - 10882 highest odds long FTD.

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