TraderSmarts Numbers for the YM Emini Futures - Wednesday April 27, 2011

Hi {!firstname_fix},

TraderSmarts Premium Numbers for the YM ES 6E CL - Wednesday April 27, 2011

Support becomes resistance and vice versa...

12545, 12583, 12625, 12661, 12739 Resistance on the YM Emini Futures 

12472, 12436, 12422, 12389 - 12381, 12366, 12345, 12324, 12300, 12277, 12241, 12219, 12191 - 12185, 12157, 12117, 12088, 12049, 12015, 11989 - 11985, 11963, 11922 Supports

Trade smart and trade well!

Big doji on YM and ES Monday. Grind higher on Tuesday. I think we are on the verge of a significant move down but the wild card is the heavy economic calendar this week including the FOMC results and Big Ben's first quarterly press conference since the announcement on March 24th. Remember the FOMC announcement is at 9:30 and the press conference is at 11:15 PST. ZN moving up over 120'100 with equities.

YM: 12583 highest odds short FTU (in normal markets). What I mean by that is without eco news or intervention. The FOMC announcement and the press conference are the unknown. My number one rule is "anything can happen at any time and probably will". 12436 - 12422 now becomes an important area for bears to get through followed by 12366 - 12344. 12157 highest odds long FTD. 12300 range long. 12241 another spot to consider long.