13474, 13375, 13354, 13350, 13337, 13329, 13309, 13289, 13278, 13261, 13245, 13237, 13228, 13212, 13173, 13158, 13147, 13125, 13103, 13084, 13078, 13033, 13009, 12998, 12986, 12966, 12946, 12934, 12895, 12887, 12881, 12849, 12845, 12827, 12816, 12807, 12772, 12699, 12590, 12585, 12568, 12253 Support / Resistance on the YM Emini Futures
YM Contract Notes: Still in short bounces mode as last Wednesday highs have not been violated. See Macro Technical View below.
Macro Technical View: 12946 TS # is Big Pic LIS. If we can clear 13245 TS # above and hold then we very likely will get new all times highs in the Dow. Under 12585 TS # and holding and we likely get another 1000 points down. Favoring positioning for swing short at Execution/Target Zones Wednesday (12/19/2012). Still in short bounces mode as last Wednesday highs have not been violated.
YM Execution/Targets Zones:
13245 Extreme Short
13173 - 13158 Highest Odds Short FTU
13103 - 13078 Range Short
12998 - 12986 Range Long
12934 Highest Odds Long FTD
12849 - 12844 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
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