TS TradePlan for the YM Emini Futures - Tuesday October 23, 2012

TraderSmarts Numbers for the YM 

13740, 13701, 13666, 13623, 13582, 13566, 13559, 13541,13532, 12509, 13487, 12468, 13457, 13442, 13422, 13404, 13397, 13375, 13361, 13344, 13314, 13288, 13257, 13243, 13219, 13182, 13152, 13125, 13107, 13083, 13067, 13038, 13031, 12950, 12870, 12809, 12801, 12774, 12672 Support / Resistance on the YM Emini Futures

YM Contract Notes: Expectation was we push down to test supports this week and we started Monday tagging 13182 - 13152 TS # Zone then ended the day with a hammer on the daily chart. 13182 - 13152 was the major target from 13458 highs. Anything lower now would be extended. That being said a test of 13083 - 13031 is possible and the market is still in a "prove it bulls" type of mood. Focus on the Execution/Target Zones and stay out of trouble. Expect support at 13244 - 13219 FTD ahead of Range Long.

YM Execution/Targets Zones:

13468 - 13457 Extreme Short

13404 - 13397 Highest Odds Short FTU

13375 - 13361 Range Short

13182 - 13152 Range Long

13083 - 13067 Highest Odds Long FTD

13038 - 13031 Extreme Long

Support becomes resistance and vice versa...

Trade smart and trade well!

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