Sunday, February 3, 2013

TS TradePlan for the YM Emini Futures - Monday February 4, 2013

TraderSmarts Numbers for YM (H)
14309, 14141, 14078, 14014, 14011, 13992, 13916, 13973, 13901, 13888, 13868, 13862, 13841, 13836, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504, 13488, 13474, 13456, 13433, 13405, 13375, 13354, 13350, 13339, 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 Support / Resistance on the YM Emini Futures

YM Contract Notes: Dow close over 14K on Friday. 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. 2 Big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523 and 13836. New all time highs in the Dow are now only 200 ticks away. 

Macro Technical View: Had been favoring swing shorts for c/b over 13836 TS # expecting test of 13523 and potentially 13245 below. Heading into Monday with no directional bias (squeeze over 13836 NFP Friday) and will just be focused on Execution/Target Zones.

YM Execution/Targets Zones:
14141 Extreme Short 
14014 - 13992 Highest Odds Short FTU
13973 Range Short
13888 - 13868 Range Long 
13695 - 13680 Highest Odds Long FTD
13456 - 13433  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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