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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