Support becomes resistance and vice versa...
11052, 11095*, 11130, 11234 Resistance on the YM Emini Futures
11037, 11013, 10975, 10945, 10921, 10888, 10861 Supports
Trade smart and trade well!
Markets are coiling up on the daily chart. Which way do we get the break? I am going to have to say down at this point. 1145 - 1155 on the ES makes sense to me. We shall see. Keep in mind we have higher squeeze targets if the test of yesterday's key areas on YM/ES is successful. We are at it on YM 11047.
YM: Under 11037 and holding and I want to be shorting bounces. The 10894 (Number from chart on blog) - 10861 is a HUGE area but right under the consolidation on the daily. Highest odds short FTU is 11095.
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