May 18, 2011

05/18/2011 Session


No trades triggered.

Session low was 12,422; session high was 12,553; settlement price was 12,532.

Orders for 05/19 session:

Buy YMM11 @12,452 with 12,434 stop and 12,488 take-profit.
(Daily S1 support @12,452 and weekly S1 support @12,460; daily Pivot Point @12,502)

Sell YMM11 @12,598 with 12,611 stop and 12,586 take-profit.
(Weekly Pivot Point @12,600; daily R1 resistance @12,583)

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

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