YM running into ressistance at 11,086?

J

Johnny Walker

Any opinions on if the YM will be able to blast through the high from 1/11/06 at 11,086. It rejected this number very hard earlier during the day going as low as 11,003, but then bouncing back up to 11,071.

I personally shorted a YM contract 11,066 with a stop 11,090 in case this ends up being a turning point.
 
Quote from Johnny Walker:

Any opinions on if the YM will be able to blast through the high from 1/11/06 at 11,086. It rejected this number very hard earlier during the day going as low as 11,003, but then bouncing back up to 11,071.

I personally shorted a YM contract 11,066 with a stop 11,090 in case this ends up being a turning point.
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yes It will break but will come back 10700-800 again. I really do not know how far it will go after breaking 11086 but hope will not cross 11110.
 
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