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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