TraderSmarts Numbers for the YM Emini Futures - Tuesday July 6, 2010

Support becomes resistance and vice versa...

9618, 9648, 9727, 9804, 9850, 9921, 9938 Resistance on the YM Emini Futures

9566, 9494, 9456 Supports

Trade smart and trade well!

Tweeted Friday, or it may have been Thursday, that I am expecting a "TRIN Day" in the market. A TRIN day is one where the TRIN is .78 or lower all day and price is straight up with NO retrace. Underlying bid all day. I think we are due for one soon.

YM: I am expecting a move back to 9921 - 9938 before market goes much lower than 9494. Not inclined to short for anthing other than scalps until 9727. Came close to the 9494 O/N on Monday night. If we get a new low I will be looking for a long to hold - we may not get one.