Tuesday, January 9, 2018

Possible YM Futures Resistance Update 1


At 11:45am ET the YM Mar futures chart is at 25,362. So we've entered the expected range I gave in the previous post of 25,350-25,450. After this 3rd upward leg of three on the daily chart, I'd anticipate either several days of sideways action or a quick rejection of this level within 1-3 days.

Of course anything can happen, and the chart looks very strong. But I'm being cautious here.

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