Thursday, April 11, 2013

TS TradePlan for the YM Emini Futures - Thursday April 11, 2013

TraderSmarts Numbers for YM (M)
15311, 15243, 15155, 14842, 14838, 14790, 14774, 14762, 14727, 14712, 14683, 14664, 14648, 14634, 14621, 14618, 14599, 14594, 14585, 14576, 14559, 14542, 14530, 14517, 14500, 14478, 14462, 14454, 14439, 14412, 14403, 14385, 14376, 14356, 14343, 14318, 14305, 14286, 14263, 14234, 14159, 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: 14530 LIS heading into the week. 

Macro Technical View:  New all time highs for the Dow. 14048 TS # is Macro LIS. 

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. 4/2/13 highs now (near but not into) 14621 - 14618 TS # Zone. 

14648 TS # Tagged Tuesday...likely getting awfully close to at least an intermediate CIT. <<< Over Range, HOS FTU, and Extreme on Wednesday..this doesn't happen very often..confirming suspicions of potential intermediate CIT on deck.

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:
14842 - 14838 Extreme Short
14790 Highest Odds Short FTU
14762 Range Short
14683 - 14664 Range Long 
14530 - 14517Highest Odds Long FTD
14412 - 14403 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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