Thursday, April 7, 2011

TraderSmarts Numbers for the YM Emini Futures - Friday April 8, 2011

Support becomes resistance and vice versa...

12381 - 12389, 12422, 12464, 12545 Resistance on the YM Emini Futures

12356, 12324, 12297, 12270, 12244, 12208, 12185, 12171, 12140, 12122, 12088, 12049, 12015, 11989 - 11985, 11963 Supports

Trade smart and trade well!

YM: If we get under 12324 and hold I like the chances for a Friday sell off and am positioned for it with a partial swing short from 12388 with plans to add at 12422. 12422 highest odds short FTU. The 12381 - 12389 area is extremely significant and an area I have had for a while. Just because the highest odds short FTU has moved higher does not mean that the 12381 - 12389 area can be discounted in any way. 12270 - 12244 range long and also KEY line in the sand. Under and holding 12244 and can target 12171 which is highest odds long FTD. 11989 - 11963 extreme long.

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