Wednesday, July 13, 2011

TraderSmarts Numbers for the YM Emini Futures - Thursday July 14, 2011

Support becomes resistance and vice versa...

12408, 12417, 12430, 12444, 12461, 12474, 12494, 12521, 12533, 12559, 12581, 12605, 12626, 12646, 12687, 12714, 12732, 12740, 12756, 12829, 12869 Resistance on the YM Emini Futures

12363, 12337, 12306, 12278, 12236, 12212, 12198, 12163 Supports

Trade smart and trade well!

YM: 12646 extreme short. 12474 - 12461 highest odds short FTU. 12430 range short. 12278 range long. 12212 - 12198 highest odds long FTD.

The 12430 TS # has been absolutely amazing support the last 2 days (in the cash session). We flushed through that a/h on the Moody's news. I would think a FTU test of the 12430 would be a good opportunity for a short. The 12337 TS # which was range long on Tuesday held (to the tick) for the Moody's news. If this gives way I think we can use 12198 as the eventual target with support at range long 12278 important along the way.

1 comment:

I-Man said...

I've got 320 as a magnetic target once we settle out 430...

Then the 227, 198...

Keep up the good work!
-I