Support becomes resistance and vice versa...
11033, 11046, 11067, 11093, 11125, 11146, 11173, 11195, 11212, 11226, 11237, 11253, 11272, 11301, 11326 - 11330, 11371, 11390 Resistance on the YM Emini Futures
11024, 11016, 10972, 10930, 10882, 10835, 10809, 10775, 10746, 10707, 10672, 10633, 10609, 10593, 10576, 10537, 10512, 10484, 10460, 10424, 10367, 10202, 9863 Supports
Trade smart and trade well!
Instrument Contract Notes:
Equity: We have Three White Soldiers on the daily ES and YM and it would make sense to have a pause on the daily before deciding direction. With NFP I am expecting early wide swings followed by constriction of the range. Likely we get a doji on the day. I will be looking to fade extremes on either side of Thursday's close for a reversion back to the mean. Expectation is for the close on Friday to be at or near Thursday's close to slightly higher (possibly into 1164.5 on the ES).
YM: Seek long in the 10882 - 10835 zone for a move up into 11226 - 11196 short zone or seek short in 11196 - 11226 short zone FTU for move back to 11046 minimum. 11330 - 11321 extreme short.
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