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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1 comment:
Nice job...I'm going to watch your levels a little closer from here on out!
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