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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