14309, 14148, 14141, 14099, 14078, 14021, 14014, 13992, 13977, 13965, 12947, 12939, 13924, 13913, 13901, 13888, 13868, 13858, 13841, 13836, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504, 13488, 13474, 13456 Support / Resistance on the YM Emini Futures
YM Contract Notes: Focus on Execution/Target Zones. Resistance built into 13977 - 13947.
Macro Technical View: A BIL of Wed high makes sense to me. May want to check chart of Feb 27, 2007.
Dow close over 14K a two weeks ago 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. Now 3 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? I don't know what will happen but favoring shorts and targeting tests of 13836 initial, 13523, and potentially 13245 below.
YM Execution/Targets Zones:
14148 - 14141 Extreme Short
14021 - 14014 Highest Odds Short FTU
13977 Range Short
13888 - 13868 Range Long
13836 Highest Odds Long FTD
13695 - 13680 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