Support becomes resistance and vice versa...
10962, 10984, 11037, 11087, 11100, 11125, 11146, 11173, 11212, 11237, 11272, 11301, 11326 - 11330, 11371, 11390 Resistance on the YM Emini Futures
10948, 10904, 10842, 10785, 10777, 10731, 10687, 10647, 10638, 10627, 10532, 10518 Supports
Trade smart and trade well!
This is what I have been thinking: I am expecting these extreme short areas to be hit eventually before a new leg down. As I have been saying on Twitter I think 8/31 highs get taken out before 8/22 lows. Nothing is set in stone though so be prepared to trade what is present.
With the sell off on Wednesday I am not ruling the above out but it definitely threw a kink in things. Trade what you see - not what you think. # 1 rule is always "Anything can happen at any time and probably will"
YM: 11146 is line in the sand. 11173 highest odds short FTU. 11125 - 11100 range short. 10842 highest odds long FTD. 10647 - 10627 extreme long. 10731 important FTD.
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