TraderSmarts Numbers for the YM Emini Futures - Friday May 4, 2012

Support becomes resistance and vice versa...

13171, 13186, 13204, 13224, 13239, 13255, 13273, 13292, 13311, 13333, 13362, 13389, 13429, 13434 Resistance on the YM Emini Futures

13138, 13109, 13091, 13086, 13065, 13056, 13036, 13018, 13011, 13003, 12989, 12965, 12949, 12914, 12903, 12885, 12857, 12822, 12786 Supports

Trade smart and trade well!

In equity notice that the Range and Highest Odds Shorts are near current prices. The astute observer will notice that this signals a shift in sentiment. Additionally, if we get over the Highest Odds Short and hold it will make sense to use extreme caution on shorts. Bearish bias across the board (equity, oil, euro, and gold) going into NFP Friday but that will change IF Highest Odds is violated. Targets are in the Contract Notes...

YM: 13429 and 13331 - 13311 extremes. 13224 highest odds short FTU. 13186 - 13171 range short. 13091 - 13086 range long. 13065 - 13056 highest odds long FTD. 12989 and anything below is extreme. We can use this 12989 as extreme target Friday (obvious supports at the TS #'s along the way) if range short holds through NFP.

ES YM 6E CL GC TraderSmarts Numbers + Live Trade Alerts www.tradersmarts.net


I've talked about this a lot in the alerts but we need to be using the Range, Highest Odds, and Extremes not just for trade entries but also as targets. If we are not taking advantage of moves INTO the Range, Highest Odds, and Extremes we are missing out on a very important aspect of the TraderSmarts Numbers. Prices want to test the important TraderSmarts Numbers. The contract notes are important.