Set-up for Mar 11
YMH5 futures traced a range expansion day on Mar 10. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness today especially if the 1st hour low is taken out. In the intermediate term support is at the weekly uptrend line at around 17500.
Overnight markets were bouncing with low at 17669 and high at 17733.
Will go short below 1st 1/2 hr and first 1 low for a 20 point target per contract.
For instructional purposes only.
YMH5 futures traced a range expansion day on Mar 10. YMH5 is being controlled by an outside week bar last week. . Expecting continued weakness today especially if the 1st hour low is taken out. In the intermediate term support is at the weekly uptrend line at around 17500.
Overnight markets were bouncing with low at 17669 and high at 17733.
Will go short below 1st 1/2 hr and first 1 low for a 20 point target per contract.
For instructional purposes only.