12601, 13523, 13474, 13445, 13375, 13354, 13350, 13334, 13329, 13309, 13289, 13278, 13261, 13254, 13245, 13237, 13221, 13212, 13198, 13181, 13173, 13158, 13147, 13125, 13103, 13084, 13078, 13054, 13039, 13033, 13009, 12998, 12986, 12967, 12946, 12934, 12895, 12887, 12881, 12847, 12827, 12816, 12807, 12772, 12699, 12693,12590, 12585, 12568, 12537, 12253 Support / Resistance on the YM Emini Futures
YM Contract Notes: 13254 LIS Wednesday. Huge gap up over 12946 and back into 13245 TS #. 13523 is extended target up of over 13337 and holding. Expecting a TRIN day soon. Watch 13084 - 13078 FTD for support IF we test lower.
Macro Technical View: Big tell Tuesday with highly bearish TRIN all day after expectations of a bullish TRIN day soon and the inability to sell off under 13216 - 13245 Range Long. This is highly bullish behavior and I am in a buy the dip mode o/n looking for the trend day up into Wed. May not get until Thursday (or not at all...anything at any time)...but expectation is for one here soon. Tuesday price action confirming that hypothesis.
12946 TS # is Big Pic LIS. If we can sustain above 13245 TS # 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. << We are back to above Key 13245 here. <<<Tuesday Favoring longs into 13245 targeting 13523 if we get move below 13245 TS # note where HOL FTD is.
YM Execution/Targets Zones:
13523 Extreme Short 2
13445 Extreme Short 1
13334 Highest Odds Short FTU
13289 Range Short
13245 - 13221 Range Long
13198 - 13181 Highest Odds Long FTD
12986 - 12967 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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