Support becomes resistance and vice versa...
11872, 11893, 11914, 11932, 11962, 11998 - 12007, 12046 Resistance on the YM Emini Futures
11854, 11822, 11795, 11750, 11717, 11707, 11692, 11648, 11620, 11585, 11520, 11502, 11477, 11398 Supports
Trade smart and trade well!
YM: Still viewing this (11893, 11872, 11854) area as extremely significant. 11932 - 11914 highest odds short FTU. 11585 highest odds long FTD. 11648 excellent spot to consider long. 11872 - 11854 and then 11693 can ve biewed as lines in the sand. I will be shorting 11932 - 11914 with the expectation that we sell back under 11872 and hold. Under 11693 and holding and will be targeting 11585. Over and holding 11932 and expectation is we move to new highs at 11998 minimum.
Monday, January 31, 2011
TraderSmarts Numbers for the YM Emini Futures - Monday January 31, 2011
Support becomes resistance and vice versa...
11794, 11854, 11872, 11893, 11914, 11932, 11962, 11998 - 12007 Resistance on the YM Emini Futures
11750, (11717, 11707, 11692), 11648, 11620, 11585, 11520, (11502, 11477), 11398 Supports
Trade smart and trade well!
YM: Friday we snapped through the 11870 line in the sand on the bigger picture. Expecting sellers to be active on the first retest of the (11894, 11872, 11854) area. Over that and we have 11932 - 11914. Consider those areas highest odds short FTU. 11502 - 11477 highest odds long FTD. 11648 - 11620 excellent spot to consider long. Also expecting 11717 - 11692 to be significant FTD.
11794, 11854, 11872, 11893, 11914, 11932, 11962, 11998 - 12007 Resistance on the YM Emini Futures
11750, (11717, 11707, 11692), 11648, 11620, 11585, 11520, (11502, 11477), 11398 Supports
Trade smart and trade well!
YM: Friday we snapped through the 11870 line in the sand on the bigger picture. Expecting sellers to be active on the first retest of the (11894, 11872, 11854) area. Over that and we have 11932 - 11914. Consider those areas highest odds short FTU. 11502 - 11477 highest odds long FTD. 11648 - 11620 excellent spot to consider long. Also expecting 11717 - 11692 to be significant FTD.
Thursday, January 27, 2011
TraderSmarts Numbers for the YM - Friday January 28, 2011
Support becomes resistance and vice versa...
11935, 11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 11870 is the line in the sand on bigger picture. Same range little change in YM/ ES. 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11906 - 11870 excellent spot to consider long. 11750 extreme long.
11935, 11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 11870 is the line in the sand on bigger picture. Same range little change in YM/ ES. 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11906 - 11870 excellent spot to consider long. 11750 extreme long.
Why I like trading instruments other than YM & ES right now
Yesterday we longed GC at 1326.5 and sold the last 1/4 at 1343 for 165 ticks best out. For those that are not familiar with the way GC trades that is $1650 per contract on the last scale. If you want to make $1650 per contract on the ES/YM you would need a 33 point move in the ES or a 330 point move in the YM.
The fact of the matter is that unless we revert back to Fall 2008 or the "Flash Crash" 33 point moves in the ES are NOT the norm. For this reason I have been trading a lot more GC, 6E, and CL than the ES or YM. These contracts are just offering much better volatility than equity.
Even today we traded GC, long off the lows, for a best out 50 ticks. On a per contract basis that is equivalent to 10 pts in the ES or 100 in the YM.
The ATR for GC right now on a daily basis is 20.28 pts or 202 ticks. For ES it is 12.59 pts and for YM 98.41 pts. For 6E it is .0151 or 151 ticks. For CL it is 1.93 or 193 ticks.
You can do the math but here is a little table:
ES 12.59 X $50 = $629.50
YM 98.41 X $5 = $492.05
GC 202 X $10 = $2020
6E 151 X $12.5 = $1887.5
CL 193 X $10 = $1930
Just something to think about.
The fact of the matter is that unless we revert back to Fall 2008 or the "Flash Crash" 33 point moves in the ES are NOT the norm. For this reason I have been trading a lot more GC, 6E, and CL than the ES or YM. These contracts are just offering much better volatility than equity.
Even today we traded GC, long off the lows, for a best out 50 ticks. On a per contract basis that is equivalent to 10 pts in the ES or 100 in the YM.
The ATR for GC right now on a daily basis is 20.28 pts or 202 ticks. For ES it is 12.59 pts and for YM 98.41 pts. For 6E it is .0151 or 151 ticks. For CL it is 1.93 or 193 ticks.
You can do the math but here is a little table:
ES 12.59 X $50 = $629.50
YM 98.41 X $5 = $492.05
GC 202 X $10 = $2020
6E 151 X $12.5 = $1887.5
CL 193 X $10 = $1930
Just something to think about.
TraderSmarts Numbers for the YM Emini Futures - Thursday January 27, 2011
Support becomes resistance and vice versa...
11935, 11968, 11998 - 11207, 12046, 12095 Resistance on the YM Emini Futures
11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11906 - 11870 excellent spot to consider long. 11750 extreme long.
11935, 11968, 11998 - 11207, 12046, 12095 Resistance on the YM Emini Futures
11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11906 - 11870 excellent spot to consider long. 11750 extreme long.
Tuesday, January 25, 2011
TraderSmarts Numbers for the YM Emini Futures - Wednesday January 26, 2011
Support becomes resistance and vice versa...
11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11935, 11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: Big doji on YM/ES not much change in equity. 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11870 excellent spot to consider long. 11750 extreme long.
11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11935, 11906, 11870, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: Big doji on YM/ES not much change in equity. 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11870 excellent spot to consider long. 11750 extreme long.
Monday, January 24, 2011
TraderSmarts Numbers for the YM Emini Futures - Tuesday January 25, 2011
Support becomes resistance and vice versa...
11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11935, 11906, 11872, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11872 excellent spot to consider long. 11750 extreme long.
11968, 11998 - 12007, 12046, 12095 Resistance on the YM Emini Futures
11935, 11906, 11872, 11833, 11775, 11750, 11735, 11717, 11692 Supports
Trade smart and trade well!
YM: 12046 highest odds short FTU. 12007 - 11998 excellent spot to consider short. 11833 highest odds long FTD. 11872 excellent spot to consider long. 11750 extreme long.
TraderSmarts Numbers for the YM Emini Futures - Monday January 24, 2011
Support becomes resistance and vice versa...
11833, 11870, 11906, 11953 Resistance on the YM Emini Futures
11808, 11775, 11750, 11735, 11717, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: YM hit (to the tick) Friday's KEY 11870 highest odds short FTU overnight on Sunday. This is crucial and at this juncture can be considered a line in the sand for this bull run. 11909 highest odds short FTU. 11953 extreme short. 11669 - 11658 highest odds long FTD. 11717 excellent spot to consider long. 11775 aggressive long.
11833, 11870, 11906, 11953 Resistance on the YM Emini Futures
11808, 11775, 11750, 11735, 11717, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: YM hit (to the tick) Friday's KEY 11870 highest odds short FTU overnight on Sunday. This is crucial and at this juncture can be considered a line in the sand for this bull run. 11909 highest odds short FTU. 11953 extreme short. 11669 - 11658 highest odds long FTD. 11717 excellent spot to consider long. 11775 aggressive long.
Friday, January 21, 2011
TraderSmarts Numbers for the YM Emini Futures - Friday January 21, 2011
Support becomes resistance and vice versa...
11953, 11870, 11846, 11818, Resistance on the YM Emini Futures
11779, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11870 highest odds short FTU. 11953 extreme short. 11669 - 11658 highest odds long FTD. 11735 - 11717 excellent spot to consider long. 11779 aggressive long.
11953, 11870, 11846, 11818, Resistance on the YM Emini Futures
11779, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11870 highest odds short FTU. 11953 extreme short. 11669 - 11658 highest odds long FTD. 11735 - 11717 excellent spot to consider long. 11779 aggressive long.
Wednesday, January 19, 2011
TraderSmarts Numbers for the YM Emini Futures - Thursday January 20, 2011
Support becomes resistance and vice versa...
11799, 11818, 11846, 11864, 11888, 11953 Resistance on the YM Emini Futures
11777, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11888 - 11866 highest odds short FTU. 11799 aggressive short. 11669 - 11658 highest odds long FTD. 11717 - 11692 excellent spot to consider long. 11735 still an aggressive long.
11799, 11818, 11846, 11864, 11888, 11953 Resistance on the YM Emini Futures
11777, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11888 - 11866 highest odds short FTU. 11799 aggressive short. 11669 - 11658 highest odds long FTD. 11717 - 11692 excellent spot to consider long. 11735 still an aggressive long.
Tuesday, January 18, 2011
TraderSmarts Numbers for the YM Emini Futures - Wednesday January 19, 2011
Support becomes resistance and vice versa...
11818, 11866, 11895, 11953 Resistance on the YM Emini Futures
11797, 11770, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11953 highest odds short FTU. 11866 excellent spot to consider short. 11669 - 11658 highest odds long FTD. 11717 - 11692 excellent spot to consider long. 11735 aggressive long.
11818, 11866, 11895, 11953 Resistance on the YM Emini Futures
11797, 11770, 11750, 11735, 11717 -11707, 11692, 11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506 Supports
Trade smart and trade well!
YM: 11953 highest odds short FTU. 11866 excellent spot to consider short. 11669 - 11658 highest odds long FTD. 11717 - 11692 excellent spot to consider long. 11735 aggressive long.
Sunday, January 16, 2011
TraderSmarts Numbers for the YM - Monday January 17, 2011
Support becomes resistance and vice versa...
11707 - 11717, 11735, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futures
11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade Smart and trade well!
YM: 11797 highest odds short FTU. 11735 excellent spot to consider short. 11669 - 11658 highest odds long FTD.
11707 - 11717, 11735, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futures
11669 -11658, 11625, 11602, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade Smart and trade well!
YM: 11797 highest odds short FTU. 11735 excellent spot to consider short. 11669 - 11658 highest odds long FTD.
Friday, January 14, 2011
TraderSmarts Numbers for the YM Emini Futures - Friday January 14, 2011
Support becomes resistance and vice versa...
11649, 11688, 11717, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futrues
11625, 11602, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade smart and trade well!
The contract notes have been reflecting an expected increase in volatility that has not come yet. Including a Range and Extreme for the contract notes for YM and ES.
YM: Extreme: 11797 - 11777 highest odds short FTU. 11439 highest odds long FTD. 11544 an aggressive long. I am starting to look for an intermediate top to be in. Have been targeting 11717 which was finally hit Tuesday before a minor CIT takes place. I can now see up to about 11797 but at this point am still expecting a quick 500 point drop before moving much higher.
Range: 11717 is still the highest odds short FTU until it isn't. That being said I would not be surprised to see a move to 11750 which would technically be the highest odds short FTU. 11583 highest odds long FTD.
11649, 11688, 11717, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futrues
11625, 11602, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade smart and trade well!
The contract notes have been reflecting an expected increase in volatility that has not come yet. Including a Range and Extreme for the contract notes for YM and ES.
YM: Extreme: 11797 - 11777 highest odds short FTU. 11439 highest odds long FTD. 11544 an aggressive long. I am starting to look for an intermediate top to be in. Have been targeting 11717 which was finally hit Tuesday before a minor CIT takes place. I can now see up to about 11797 but at this point am still expecting a quick 500 point drop before moving much higher.
Range: 11717 is still the highest odds short FTU until it isn't. That being said I would not be surprised to see a move to 11750 which would technically be the highest odds short FTU. 11583 highest odds long FTD.
Wednesday, January 12, 2011
TraderSmarts Numbers for the YM - Thursday January 13, 2011
Support becomes resistance and vice versa...
11717, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futures
11685, 1661, 11649, 11625, 11605, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade smart and trade well!
YM: Extreme: 11797 - 11777 highest odds short FTU. 11439 highest odds long FTD. 11544 an aggressive long. I am starting to look for an intermediate top to be in. Have been targeting 11717 which was finally hit Tuesday before a minor CIT takes place. I can now see up to about 11797 but at this point am still expecting a quick 500 point drop before moving much higher.
Range: 11717 is still the highest odds short FTU until it isn't. That being said I am expecting a move to 11750 which would technically be the highest odds short FTU - make sense? 11625 highest odds long FTD. 11661 aggressive long.
11717, 11750, 11777, 11797, 11866 Resistance on the YM Emini Futures
11685, 1661, 11649, 11625, 11605, 11583, 11544, 11512 - 11506, 11481, 11439, 11350 Supports
Trade smart and trade well!
YM: Extreme: 11797 - 11777 highest odds short FTU. 11439 highest odds long FTD. 11544 an aggressive long. I am starting to look for an intermediate top to be in. Have been targeting 11717 which was finally hit Tuesday before a minor CIT takes place. I can now see up to about 11797 but at this point am still expecting a quick 500 point drop before moving much higher.
Range: 11717 is still the highest odds short FTU until it isn't. That being said I am expecting a move to 11750 which would technically be the highest odds short FTU - make sense? 11625 highest odds long FTD. 11661 aggressive long.
Monday, January 10, 2011
TraderSmarts Numbers for the YM Emini Futures - Tuesday January 11, 2011
Support becomes resistance and vice versa...
11605, 11625, 11660, 11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11583, 11544, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11512 - 11506 an aggressive long. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11625 - 11605 aggressive short. 11481 highest odds long FTD. 11544 aggressive long.
11605, 11625, 11660, 11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11583, 11544, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11512 - 11506 an aggressive long. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11625 - 11605 aggressive short. 11481 highest odds long FTD. 11544 aggressive long.
Sunday, January 9, 2011
TraderSmarts Numbers for the YM Emini Futures - Monday January 10, 2011
Support becomes resistance and vice versa...
11625, 11660, 11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11605, 11583, 11528, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11512 - 11506 an aggressive long. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11660 aggressive short. 11528 highest odds long FTD. 11583 aggressive long.
11625, 11660, 11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11605, 11583, 11528, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11512 - 11506 an aggressive long. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11660 aggressive short. 11528 highest odds long FTD. 11583 aggressive long.
Friday, January 7, 2011
TraderSmarts Numbers for the YM Emini Futures - Friday January 7, 2011
Support becomes resistance and vice versa...
11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11652, 11616, 11602, 11578, 11528, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
NFP 5:30 AM PST
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11528 an aggressive long. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
11679, 11717, 11750, 11797 Resistance on the YM Emini Futures
11652, 11616, 11602, 11578, 11528, 11512 - 11506, 11481, 11439, 11350, 11320, 11252 Supports
Trade smart and trade well!
NFP 5:30 AM PST
YM: Extreme: 11750 highest odds short FTU. 11439 highest odds long FTD. 11528 an aggressive long. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Wednesday, January 5, 2011
TraderSmarts Numbers for the YM Emini Futures - Thursday January 6, 2011
Support becomes resistance and vice versa...
11655, 11676, 11717, 11750 Resistance on the YM Emini Futurs
11625, 11602, 11578, 11528, 11512 - 11506, 10481, 10439, 11350, 11320, 11252, 11231 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11439 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11603 highest odds long FTD.
11655, 11676, 11717, 11750 Resistance on the YM Emini Futurs
11625, 11602, 11578, 11528, 11512 - 11506, 10481, 10439, 11350, 11320, 11252, 11231 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11439 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11717 highest odds short FTU. 11603 highest odds long FTD.
Tuesday, January 4, 2011
Updated TraderSmarts Numbers for the YM Emini Futures - Wednesday January 5, 2011
Support becomes resistance and vice versa...
11612, 11636, 11676, 11717 Resistance on the YM Emini Futures
11578, 11528, 11512 - 11506, 10481, 10439, 11350, 11320, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11676 highest odds short FTU. 11636 - 11620 aggressive early short. 11528 - 11506 highest odds long FTD.
11612, 11636, 11676, 11717 Resistance on the YM Emini Futures
11578, 11528, 11512 - 11506, 10481, 10439, 11350, 11320, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11676 highest odds short FTU. 11636 - 11620 aggressive early short. 11528 - 11506 highest odds long FTD.
Monday, January 3, 2011
TraderSmarts Numbers for the YM Emini Futures - Tuesday January 5, 2011
Support becomes resistance and vice versa...
11606, 11633, 11676, 11717 Resistance on the YM Emini Futures
11578, 11553, 11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11676 highest odds short FTU. 11633 aggressive early short. 11553 highest odds long FTD.
11606, 11633, 11676, 11717 Resistance on the YM Emini Futures
11578, 11553, 11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11717 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surprise me.
Range: 11676 highest odds short FTU. 11633 aggressive early short. 11553 highest odds long FTD.
TraderSmarts Numbers for the YM Emini Futures - Monday January 3, 2011
Support becomes resistance and vice versa...
11604, 11643, 11717 Resistance on the YM Emini Futures
11578, 11533, 11527, 11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11643 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surpris me.
Range: 11604 highest odds short FTU. 11512 Highest odds long FTD.
11604, 11643, 11717 Resistance on the YM Emini Futures
11578, 11533, 11527, 11512, 11481, 11464, 11439, 11408, 11393, 11375, 11353, 11320, 11298, 11252, 11231, 11209 Supports
Trade smart and trade well!
YM: Extreme: 11643 highest odds short FTU. 11252 highest odds long FTD. Price finally touched the 11538. I am starting to look for an intermediate top to be in - I think about 11717 MAX before we see some type of correction. A quick 500 point drop down to 11100 or so would not surpris me.
Range: 11604 highest odds short FTU. 11512 Highest odds long FTD.
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