Support becomes resistance and vice versa...
12257, 12270, 12293, 12304, 12324, 12356, 12381 - 12389, 12422, 12464, 12545 Resistance on the YM Emini Futures
12222, 12185, 12171, 12140, 12122, 12088, 12049, 12015, 11989 - 11985, 11963 Supports
Trade smart and trade well!
YM: 12304 - 12257 highest odds short zone FTU after breaking down from 12381 - 12389 range. How it works is the higher we go into 12304 - 12257 zone the higher the odds of a reversal. So 12304 is highest odds and 12257 is lower odds. 12049 - 12015 highest odds long FTD.
Leaving Tuesday notes up for context: Equity continues to be stuck in this range. It keeps finding resistance intraday at the big 12381 - 12389 TS # range. So far the highest close on the daily is 12357. Expecting a big move to happen from here. 12324 remains KEY to hold under to initiate selling. 12422 highest odds short FTU and until proven otherwise will treat it as a potential BIL move FTU. 12270 - 12244 range long and also KEY line in the sand below 12324. Under and holding 12244 and can target 12171 which is highest odds long FTD. 11989 - 11963 extreme long. The way we have been building for something I could see a 300 point 1 day move on deck here soon.
1 comment:
11964...11933 or even 11794 could be good puker targets...
Could just fallout at 12173 tomorrow, and then range down at 12045 to 12015 for the rest of this week.
It was nice to see 12238 rejected this afternoon, in synch with a certain angle off the 4/5 morning high on the 60min chart.
Post a Comment