15311, 15243, 15155, 14774, 14683, 14630, 14621, 14618, 14530, 14478, 14462, 14439, 14410, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14154, 14144, 14114, 14048, 14017, 13996, 13980, 13957, 13946, 13899, 13879, 13868, 13822, 13803, 13740, 13456, 13322 Support / Resistance on the YM Emini Futures
YM Contract Notes: News gap in play messed up the pattern. I plan to remain nimble and focus on TS #'s and Execution/Target Zones.
Macro Technical View: New all time highs for the Dow. One thing that can be clear is it is likely not going to be a V Top. 14048 TS # is macro line in the sand.
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. Multiple big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523, 13836 and 13992, 14148, 14338. The only TS # that has been tested from above after breaking over was 13836 on 2/21/13 and again on 2/25/13. A correction was attempted after the .19 TRIN tick on 2/15/2013 but since March 1 short squeeze has been in effect. <<< Starting the week on a news gap.
Also of note that no major crash has taken place without first making new all time highs. <<< we now have the new all time dow highs. 13133 and 15218 on DOW Cash are two macro areas of interest.
YM Execution/Targets Zones:
14621 - 14618 Extreme Shorts
14530 Highest Odds Short FTU
14439 Range Short
14318 - 14305 Range Long
14154 - 14144 Highest Odds Long FTD
13957 - 13946 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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