December 16, 2010

12/16/10 Session


No trades.

Session low was 11,351; session high was 11,454; settlement price was 11,431.

Orders for 12/17 session:

Buy YMH11 @11,306 with 11,284 stop and 11,344 take-profit.
(Daily S2 support is at 11,309; weekly Pivot Point is at 11,312; daily S1 support is at 11,370)

Sell YMH11 @11,509 with 11,521 stop and 11,481 take-profit.
(Daily R2 resistance is at 11,515; weekly R2 resistance is at 11,473; daily R1 is at 11,473)

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

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