14309, 14305, 14148, 14141, 14099, 14078, 14055,14021, 14014, 13992, 13977, 13965, 12947, 12939, 13924, 13913, 13892, 13874, 13858, 13836, 13813, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504, 13488, 13474, 13456, 13433, 13405, 13375 Support / Resistance on the YM Emini Futures
YM Contract Notes: Megaphone pattern playing out. Favoring shorts at Range / HOS FTU. 13836 TS # the Big Macro under HOS FTU and 13695 is target down if we break.
Macro Technical View: May want to check chart of Feb 27, 2007 and move that preceded it.
Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Three big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992. New all time highs in the Dow are only 200 ticks away so do we get a retrace before making a stab at new highs or do we just keep charging up? Megaphone pattern developing.
I don't know what will happen but still favoring shorts targeting tests of 13836 initial (We got that Thursday 2/21/13 and again Monday 2/25), 13523, and potentially 13245 (LIS for new all time highs) below. Also of note that no major crash has taken place without first making new all time highs so if we get a retrace from this high prior to new all time highs it is very likely proceeded by a march to new all time highs. Think dow cash in terms of down to 13,133 and up to 15,218 + as about max move size from here at 14K on 2/24/2013.
YM Execution/Targets Zones:
14309 - 14305 Extreme Short
14148 - 14141 Highest Odds Short FTU
14099 - 14097 Range Short 2
14078 - 14055 Range Short
13965 Range Long
13939 - 13924 Highest Odds Long FTD
13644 - 13631 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