December 15, 2010

12/15/10 Session


No trades.

Session low was 11,367; session high was 11,460; settlement price was 11,415.

Orders for 12/16 session:

Buy YMH11 @11,302 with 11,284 stop and 11,338 take-profit.
(Daily S2 support is at 11,321; weekly Pivot Point is at 11,312; daily S1 support is at 11,368)

Sell YMH11 @11,498 with 11,516 stop and 11,462 take-profit.
(Daily R2 resistance is at 11,507; weekly R2 resistance is at 11,473; daily R1 is at 11,461)

[ For some background and a disclaimer, please read this post and especially this post. ]

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