Support becomes resistance and vice versa...
10333, 10361, 10395, 10430, 10464 Resistance on the YM Emini Futures
10284, 10260, 10243, 10184 Supports
Trade smart and trade well!
In the 1/24/10 daily chart update I said: "I do not expect the YM to get back over 10566. I will be targeting 10309 - 10430 for swing shorts." Monday the YM made a high at 10434 and dumped NICELY to 10356. Tuesday the YM sold from the 10412 mentioned as the line in the sand for upside down through the 10356 and all the way to prior resistance turned support at 10260.
Have to admit though that I am feeling a little left behind by the selling right from the top of my key area mentioned in January. I did take some short in my range (10309 - 10430) but not nearly as much as I would have gotten if I wasn't now expecting a little higher. Obviously at this point it looks like I should have loaded up. Sometimes you just have to leave well enough alone - my original analysis has been spot on so far!
Trade smart and trade well!
No comments:
Post a Comment