14309, 14148, 14141, 14099, 14078, 14021, 14014, 13992, 13977, 13965, 12947, 12939, 13924, 13913, 13895, 13868, 13858, 13836, 13829, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504 Support / Resistance on the YM Emini Futures
YM Contract Notes: Focus on Execution/Target Zones. Resistance built into 13977 - 13947 from current trade. Over 13977 and context becomes a "search for sellers".
Macro Technical View: A BIL of Wed 2/13/2013 14006 high makes sense to me. May want to check chart of Feb 27, 2007.
Dow close over 14K on 2/1/2013. Higher close Wed 2/12/13. 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? I don't know what will happen but favoring shorts looking for a BIL high to short 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
13924 - 13913 Range Long
13868 Highest Odds Long FTD
13836 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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