Wednesday, April 27, 2011

TraderSmarts Numbers for the YM Emini Futures - Thursday April 28, 2011

Support becomes resistance and vice versa...

12661, 12739, 12818 Resistance on the YM Emini Futures

12625, 12583, 12545, 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!

I realize there are a lot of TS #'s for each contract. We are not trading in the range of a lot of them so focus on where price is and trade it. For the most part they will not change until price trades into the zones so easier to leave them up and have big picture at hand for Members and myself.

YM and ES need one more up session for 3 white soldiers on daily. Grind higher after Big Ben press conference but Treasuries are moving up as well. Something has to give here soon.

YM: 12818 highest odds short FTU. 12739 range short. 12583 and 12545 two spots to look for range long. 12436 - 12422 extreme long. 12436 - 12422 and 12366 - 12344 are important areas below.

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