15311, 15243, 15155, 15000, 14921, 14907, 14842, 14838, 14790, 14774, 14762, 14742, 14727, 14712, 14671, 14648, 14634, 14621, 14604, 14585, 14560, 14547, 14533, 14511, 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: 14790 the Friday close and Range Short is Sunday / Monday squeeze line. Over 14790 and likely best to stand down on shorts until HOS FTU. Watch 14671 just above Range Long for initial support.
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 and again but since March 1 short squeeze has been in effect except 4/3 - 4/5.
Still think we are imminently close to at least an intermediate CIT.
Also of note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 on DOW Cash are two macro areas of interest.
YM Execution/Targets Zones:
14921 - 14907 Extreme Short
14842 - 14838 Highest Odds Short FTU
14790 Range Short
14648 - 14634 Range Long
14560 14547 Highest Odds Long FTD
14511 - 14478 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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