05/16/2011 Session

No trades triggered.

Session low was 12,489; session high was 12,610; settlement price was 12,509.

Orders for 05/17 session:

Buy YMM11 @12,302 with 12,284 stop and 12,338 take-profit.

(Daily S3 support @12,294 and 50-day SMA @12,301; Weekly S2 support @12,364)

Sell YMM11 @12,598 with 12,616 stop and 12,562 take-profit.

(Weekly Pivot Point @12,600 and daily R1 resistance @12,583; daily Pivot Point @12,536)

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