December 21, 2010

12/21/10 Session


No trades.

Session low was 11,402; session high was 11,487; settlement price was 11,471.

Orders for 12/22 session:

Buy YMH11 @11,402 with 11,389 stop and 11,419 take-profit.
(Weekly Pivot point is at 11,402; daily S1 support is at 11,420)

Sell YMH11 @11,548 with 11,566 stop and 11,512 take-profit.
(Weekly R2 resistance is at 11,546 and daily R2 at 11,538; daily R1 resistance is at 11,505)

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

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