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.
No comments:
Post a Comment