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![]() Join Date: Oct 2006 Location: Stockton Springs, Maine Posts: 1,440 Thanks: 0
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| YM Analysis ![]() Here's the volume for the past 10 days on the continuous YM symbol. Now, keep in mind the last few days have been on the new contract, so it's a little skewed, but you can see how things are developing. 12412 is a the highest volume area. Lots of traffic there. Where there is lots of volume or little volume, expect those to be area that have a high probability of a turnaround. 409 also happens to the POC for today...So we'll be looking for a retracement down there. 12355-65 area was showing very little traffic. IF we were to get there, I'd look for a reversal there. Price has been rejected there. Why? Who knows...it just was. For today, I'll be looking to buy a retracement to 425 area which is the VAH. Things are VERY strong premarket, and so far it's looking like the gap could hold. So, I'm looking for a small deflation of price to value of yesterday, and we should reject that to find a new value in the markets, higher than yesterday. | ||
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