Support becomes resistance and vice versa...
12257, 12275, 12293, 12304, 12324, 12356, 12381 - 12389, 12422, 12464, 12545 Resistance on the YM Emini Futures
12235, 12208, 12185, 12171, 12140, 12122, 12088, 12049, 12015, 11989 - 11985, 11963 Supports
Trade smart and trade well!
YM: 12324 - 12275 highest odds short. 12171 - 12140 and which side we resolve on is key for direction Friday. 12049 - 12015 highest odds long FTD. 11989 - 11963 extreme long.
Leaving Tuesday notes up for bigger picture context - as you can see we are having issues at 12171 TS # which makes sense. Will need under that for continued selling and eventual test of 11989 - 11963: 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:
YM really likes that 12320...
Would love to see that one resolved this week.
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