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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