05/19/2011 Session

One trade triggered:

Sold YMM11 @12,598, covered @12,586; P&L: 12 points.

Session low was 12,505; session high was 12,616; settlement price was 12,591.

Orders for 05/20 session:

Buy YMM11 @12,452 with 12,434 stop and 12,488 take-profit.

(Daily S2 support @12,460; daily S1 support @12,525)

Sell YMM11 @12,698 with 12,716 stop and 12,662 take-profit.

(Weekly R1 resistance @12,696 and daily R2 resistance @12,686; daily R2 resistance @12,636)

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