Sunday, October 9, 2011

TraderSmarts Numbers for the YM - Monday October 10, 2011

Support becomes resistance and vice versa...

11093, 11125, 11146, 11173, 11195, 11212, 11226, 11237, 11253, 11272, 11301, 11326 - 11330, 11371, 11390 Resistance on the YM Emini Futures

11067, 11046, 11033, 11024, 11016, 10972, 10945, 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 : Big Ideas for each Instrument

Equity: Was expecting doji's on Friday and to be able to fade the extreme and that is what we got. Monday anything goes. After 3 up days followed by a doji I am expecting the dip to be bought in the zones below but the onus is on the bulls to show up and buy it.

YM: 10945 - 10930 first spot to consider long. 10882 - 10835 and into 10809 second area to look for long. 11196 - 11226 zone for highest odds short FTU. 11330 - 11321 extreme short. Watch the 11173 TS # as well. This was high in Friday session.

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Check out the TS Premium contract notes from Friday.

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