13527, 13442, 13361, 13344, 13318, 13288, 13257, 13243, 13227, 13219, 13205, 13189, 13167, 13152, 13125, 13107, 13096, 13078, 13071, 13038, 13028, 12999, 12988, 12974, 12950, 12931, 12914, 12896, 12881, 12870, 12838, 12823, 12817, 12808, 12797, 12784, 12776, 12760, 12732, 12725, 12712, 12693, 12672, 12667, 12644, 12625,12582, 12562, 12545, 12533, 12509, 12501, 12488, 12464,12452, 12433, 12419, 12380, 12349, 12313, 12228, 12217, 12037, 12027 Support / Resistance on the YM Emini Futures
YM Contract Notes: 13288 TS # is LIS Wednesday. FOMC Wednesday.
Macro Technical View: Written on 11/26 and still valid. 12974 TS # is Big Pic LIS. If we can clear 13288 TS # above and hold then we very likely will get new all times highs in the Dow. Failure below 12501 TS # and holding and extended targets are 11542/11321 - 11311 TS #'s.
The key to making use of bigger picture analysis (above) is just like playing chess...you have to be able to perceive which moves are likely to be played out ahead of time. In trading that means figuring out likely target and getting a favorable cost basis from a risk perspective. One that won't likely be tested if you are correct in analysis and one that will tell you right away if your analysis is correct or not. If you think the move is going to be up, you don't want to wait until 13288 is taken out before getting long :). You want to be getting long in the Execution/Target Zones below.
YM Execution/Targets Zones:
13527 / 13442 Extreme Short
13361 Highest Odds Short FTU
13318 Range Short
13227 - 13205 Range Long
13096 - 13078 Highest Odds Long FTD
12974 Extreme Long
Support becomes resistance and vice versa...
Trade smart and trade well!
TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net
No comments:
Post a Comment