Support becomes resistance and vice versa...
11882, 11922, 11943, 11987, 12025, 12047, 12101, 12140, 12210, 12260, 12273, 12348, 12429, 12442, 12515, 12523, 12652 Resistance on the YM Emini Futures
11863, 11825, 11792, 11746, 11715, 11681, 11673, 11628, 11609, 11568, 11559, 11539, 11515, 11487, 11445, 11414, 11390, 11365, 11336, 11322, 11278, 11234, 11195 Supports
Trade smart and trade well!
I didn't make any changes today but essentially all the major levels remain the same. Pay attention to the contract notes and remember support becomes resistance and vice versa.
YM: 12442 extreme short. 12140/12101 highest odds short FTU. 12047 range short (has been hit EOD Monday and is still important going into Tuesday. Bears want to hold price below this TS # for rotation lower. 11943 - 11922 range long. This is initial support heading into Tuesday session. 11863 highest odds long FTD. This area is important for bulls to defend if they want to push market higher now. 11825 TS # (and bottom of the 11863 - 11825 range long from Monday) was the RTH low on Monday. This is the last line of defense for the bulls heading into Tuesday session. Failure to hold here and can target 11715 minimum and start looking for further push to 11568 - 11559 test and ultimately 11487 or lower.
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