Support becomes resistance and vice versa...
11126, 11191, 11234, 11318 Resistance on the YM Emini Futures
11097, 11074, 11050, 10983, 10940, 10894, 10861 Supports
Trade smart and trade well!
YM: Do we get a Third White Soldier to end the month? If so a move up could be VIOLENT. 1230 on the S&P Cash. If not then expecting a close about 1200 or so on cash.
Support becomes resistance and vice versa...
11018, 11050, 11102 – 11093*, 11132, 11234 Resistance on the YM Emini Futures
10983, 10940, 10894*, 10861, 10773, 10724 Supports
TraderSmarts Number 10916 was the low to the TICK on Wednesday so pay attention there as well.
Trade smart and trade well!
YM: 11102 - 11093 highest odds potential for short FTU. 10894 is significant - see the chart on the blog with line drawn -or see your own.
Support becomes resistance and vice versa...
10994, 11018, 11050*, 11093 – 11102 Resistance on the YM Emini Futures
10940, 10916, 10894, 10861, 10773, 10724 Supports
Trade smart and trade well!
YM: 1150 highest odds potential for short FTU. 10894 is significant - see the chart on the blog with line drawn -or see your own.
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Support becomes resistance and vice versa...
11152, 11178, 11195, 11244 Resistance on the YM Emini Futures
11102 - 11093, 11048*, 10994, 10955
11210 is the target of over and holding 11132
Trade smart and trade well!
YM: 11048 highest odds potential for reversal long FTD. Target hit 11210 and 11244 best odds for short FTU. 11178 is decent odds for short FTU.
Support becomes resistance and vice versa...
11244, 11192, 11155 Resistance on the YM Emini Futures
11125, 11102 – 11093*, 11048*, 10994, 10955 Supports
11210 is the target of over and holding 11132
Trade smart and trade well!
YM: 11102 - 11093 and 11048 highest odds potential for reversal long FTD. Target hit 11210 and 11244 best odds for short FTU.
I have posted the TraderSmarts Subscriber Numbers on the blog tonight as I do occasionally. Today marks an end but also a new beginning…
Swan Song. Okay well it is not exactly a swan song, but it is the last TraderSmarts Numbers as we know them. Starting Monday, as many of you know, the TraderSmarts Numbers will be converted to a Premium Subscription Service. It is my desire that everyone who wants to keep getting the TraderSmarts Numbers should be able to do so. If you want to keep getting the TraderSmarts Numbers and have not yet subscribed to the TraderSmarts Premium Service please click the link below and do so now: http://tradersmarts.blogspot.com/p/subscribe.html
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Here are your TraderSmarts Numbers for the YM, ES, CL & 6E for Friday April 23, 2010
Support becomes resistance and vice versa...
TraderSmarts Numbers for the YM
11192, 11155, 11125, 11071, 11048, 10999, 10958, 10922, 10894
11097 has been Key resistance. A Key inflection point for Friday.
TraderSmarts Numbers for the ES
1215.5, 1212, 1205.5, 1200.25, 1193.75, 1190.75, 1185.75, 1179.5, 1175
TraderSmarts Numbers for the CL
84.84, 84.27, 83.88, 83.45, 82.97, 82.52, 82.06, 81.67, 81.21
TraderSmarts Numbers for the 6E
1.3353, 1.3316, 1.3286*, 1.3259, 1.3188, 1.3165, 1.3123
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Really interested to see what 10894 does on next test. Mentioned the 11097 Number for Thursday. I expected it not to hold if we tested again. Only problem with that is we tested it after a BIG run up and in the last 5 minutes of trade before the cash close. Usually that is a recipe for a reverse and that was in fact the case today. 11097 is again the big Number for today. How will the week close?
CL: 87.5 was touched on the M contract (high was 87.59) so inline with 87.5 target I have been mentioning. Still expecting a 57.5 eventual test. When to get swing short is the question that needs answering. If we can get the 84.30 area again that may be a great area to try. If we hit the 84.27 TraderSmarts Number on Friday I will most likely initiate a swing short in CL.
6E: The key 1.3286 Number that I have had since March 2nd was violated on the 3rd time (big pic) down Thursday. I would look for that Key Number to be resistance today. The 1.3165 TraderSmarts Number will be the highest odds for a long.
Support becomes resistance and vice versa...
11069, 11111, 11125, 11155, 11192 Resistance on the YM Emini Futures
11036, 10994, 10958, 10922, 10894 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Really interested to see what 10894 does on next test. Rejected at 11097 number I tweeted Wednesday morning. I don't think that contains it next time up - if we test again will be expecting higher.
CL: 87.5 was touched on the M contract (high was 87.59) so inline with 87.5 target I have been mentioning. Still expecting a 57.5 eventual test. When to get swing short is the question that needs answering. If we can get the 84.30 area again that may be a great area to try.
6E: Trying to get a CIT off this 1.3286 Number first mentioned in the March 2nd update. The 1.3492 downside target was hit on Friday. Currently STUCK between the 1.3406 & 1.3488 TraderSmarts Numbers from Wednesday. I have it boxed for now as mentioned in tweets.
Support becomes resistance and vice versa...
11111, 11125, 11155, 11192 Resistance on the YM Emini Futures
11069, 11032, 10994, 10958, 10924, 10894 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Really interested to see what a 10894 test does on next test. Expecting a new high to be made question is will it be a bil move or something significant? FTU will be looking to short the higher TraderSmarts Numbers.
CL: Oil Inventories out at 7:30 PST. Not trading oil for a week I was basing the TraderSmarts Numbers for the last 3 days on the continuous chart which was still using the K contract. When I went to take a trade today I realized my error. Today's Numbers are on the M contract. And significantly, 87.5 was touched on the M contract (high was 87.59) so inline with 87.5 target I have been mentioning. See it all works out. Expecting a 57.5 eventual test still. When to get swing short is the question that needs answering.
6E: Trying to get a CIT off this 1.3286 Number first mentioned in the March 2nd update. The 1.3492 downside target was hit on Friday. Hit the 1.3406 inflection point just now to the tick and popping. Will be long FTD 1.3406 - 1.3388.
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Support becomes resistance and vice versa...
11039, 11071, 11111, 11125, 11155 Resistance on the YM Emini Futures
11027, 10994, 10958, 10924, 10894, 10836 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor. Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Interesting day setting up: Over and holding 11039 and short squeeze potential. Under and holding 10994 and long squeeze potential.
CL: It appears the move up to 87.5 stopped .50 short at 87 even. As I have stated for weeks now I am still expecting an eventual 57.50 test in CL.
6E: Trying to get a CIT off this 1.3286 Number first mentioned in the March 2nd update. The 1.3492 downside target was hit on Friday. 1.3563 and 1.3406/1.3392 Key inflection points Tuesday.
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Support becomes resistance and vice versa…
10958, 10977, 11003, 11039, 11071 Resistance on the YM Emini Futures
10894, 10861, 10836, 10771, 10725 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Most interested to see how price reacts around 11039 and 10894 today.
CL: It appears the move up to 87.5 stopped .50 short at 87 even. As I have stated for weeks now I am still expecting an eventual 57.50 test in CL.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update. The 1.3492 downside target was hit on Friday. 1.3539 and 1.3406/1.3396 Key inflection points today.
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Support becomes resistance and vice versa...
11111, 11125, 11111 Resistance on the YM Emini futures
11071, 11022*, 10984, 10924 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. 11022* is the line in the sand today inline with 1201 ES again.
CL: (We got the 87 even test - was that close enough to 87.5?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update. Expecting the 1.3492 target from yesterday to be hit today (we are almost there now).
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Support becomes resistance and vice versa...
11055, 11086, 11111, 11125, 11155 Resistance on the YM Emini Futures
11022*, 10984, 10924 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10894 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. 11022* is the line in the sand today inline with 1201 ES.
CL: (We got the 87 even test - was that close enough to 87.5?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
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Support becomes resistance and vice versa...
11022, 11055, 11086 Resistance on the YM Emini Futures
10984, 10958, 10925, 10880, 10861, 10837
Trade smart and trade well!
YM: Tuesday played off the two Key Numbers perfectly. First selling 1 tick shy of they key 10962 straight down to the lower key number at 10894 followed by a 90 pt bounce. The intraday V Bottoms continue. Wednesday I am expecting a move up to 11022 minimum. Over 10984 and holding and the squeeze is on yet again.
See the chart posted on the blog here and take heed of the caveat emptor:
From Tuesday YM: Draw a line on your own 60 min YM chart at 10994 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa. Will be in play Tuesday. Need to snap that and then CLOSE under 10775 for selling to commence. 10962 is Key to new highs.
CL: Oil Inventories at 7:30 PST (We got the 87 even test - was that close enough to 87.5?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update.
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Support becomes resistance and vice versa.
10940, 10962*, 11022 Resistance on the YM Emini Futures
10924, 10880, 10861, 10837, 10775 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10994 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then until now. That is the definition of support becomes resistance and vice versa. 10894 should it get that low will be in play Tuesday. Need to snap that and then CLOSE under 10775 for selling to commence. 10962 is Key to new highs.
CL: (We got the 87 even test - was that enough?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update.
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Support becomes resistance and vice versa…
11022, 11086 Resistance on the YM Emini Futures
10955, 10940, 10924, 10880, 10837, 10775 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
Draw a line on your own 60 min YM chart at 10994 from the high on 3/25 like in my chart above. Then shrink chart so you can see it from then til now. That is the definition of support becomes resistance and vice versa.
CL: (We got the 87 even test - was that enough?) We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expecting the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update.
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Support becomes resistance and vice versa...
10894, 10927, 10940, 10955 Resistance on the YM Emini Futures
10864, 10837, 10775, 10724, 10689, 10633 Supports
Trade smart and trade well!
YM: See the chart posted on the blog here and take heed of the caveat emptor.
CL: We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
6E: 1.3286 was money yet again. I first mentioned this Number in the March 2nd update.
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Support becomes resistance and vice versa...
10849, 10878, 10927, 10940, 10955 Resistance on the YM Emini Futures
10806, 10775, 10724, 10689, 10633 Supports
Trade smart and trade well!
YM: As mentioned in the last few updates I have timing on the YM this week on Tuesday and Thursday. The next tiing on the daily chart is not for another few weeks so if we are going to make a CIT and reverse down this week would be a good time to do it.
Tuesday came and went. The way I see it what would make sense is either to accelerate selling Thursday or to squeeze back up to new bil type highs (10940 - 10955 YM) and put in THE high on the Thursday timing day.
Of course the other option is we just keep going up, forever. Anything can happen at any time and probably will. Trade accordingly.
CL: We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
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Support becomes resistance and vice versa...
10918, 10927, 10940, 10955 Resistance on the YM Emini Futures
10898, 10870, 10827, 10775, 10724, 10689, 10633 Supports
Trade smart and trade well!
YM: I have timing Tuesday and Thursday of this week. Next timing on the daily is not for another few weeks so if we are going to make a CIT and reverse down this week would be a good time to do it.
CL: Oil Inventories today at 7:30 PST. We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
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Support becomes resistance and vice versa...
10898, 10927, 10940, 10955 Resistance on the YM Emini Futures
10870, 10827, 10775, 10724, 10689, 10633 Supports
Trade smart and trade well!
YM: I have timing Tuesday and Thursday of this week. Next timing on the daily is not for another few weeks so if we are going to make a CIT and reverse down this week would be a good time to do it.
CL: We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first.
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Support becomes resistance and vice versa...
10927, 10940, 10955 Resistance on the YM Emini Futures
10885, 10870, 10827, 10775, 10724, 10689, 10633 Supports
Trade smart and trade well!
There were some new charts posted to the blog if you missed them late last week.
CL: We got the close over the March 17th high on Wednesday March 31st and so now expecting the extension up to 87.50 from here. I am still expecting an eventual 57.50 test on CL but we must expect the move up to 87.50 first
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