Tutorial

What are these Numbers?
RESISTANCE:	Every market in every time frame will make a high and a low price. The emini futures markets are no exception. Some of these highs become a temporary "ceiling" on the chart. It seems that the price does not go higher even though it may have been in the resistance area several times. What is known about Resistance is that the market will test that area but will RESIST going beyond that area until it is strong enough to do so. We attempt to point out several resistance areas where the market has a high probability of reacting.
Scenario of a SHORT trade:	At the resistance point the market will often retrace lower to consolidate strength for another test of the highs. If the market fails to break out above resistance and starts to sell off, traders often sell contracts short, planning to buy them back at a lower price thereby capturing the price difference.
Scenario of a LONG trade:	Sometimes the price will break out above the resistance area. If the price rises decisively, then the old resistance numbers may be considered to be overcome and lose significance, although they may be tested again if the price comes down. Often previous resistance areas can become support as the market climbs. Traders will go LONG, or buy contracts, when resistance is penetrated as the market will often have a decisive move through the area, enabling them to sell later for a higher price. There are several successively remote ( numerically higher) Resistances marked on the numbers list you receive from SiriusComp. These are areas where the market can be expected to have a reaction after a lower Resistance has been violated. Whether a given resistance level will hold or not depends on supply and demand when those levels are tested.
SUPPORT:	Is the area in every time frame where a market has hit a "bottom" on the chart. It seems that even though the price bars may come to that level again and again, the price does not go significantly lower. This is the area of SUPPORT. If we know the approximate and more distant support zones, we can use this information in our trading strategy. For example, one might consider going long at the support level while placing a stop below the next level.
Scenario of a LONG trade:	We are looking for where and when to expect that the market has a higher probability to turn round and go up. Traders buying at this area expect to sell their contracts for a higher price later.
Scenario of a SHORT trade:	If and when the Support gives way on successive testing, the market will fall. In these conditions traders will sell contracts, planning to buy them back at a lower price. You will find several successively remote, i.e. (numerically lower), support areas marked on your numbers list from SiriusComp. At these areas the market is considered to have a higher probability of reacting.

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