Monday, May 20, 2013

TS TradePlan for the YM Emini Futures - Tuesday May 21, 2013

TraderSmarts Numbers for YM (M)
15555, 15446, 15387, 15364, 15333, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15022, 15015, 15000, 14986,  14977, 14942, 14921, 14907, 14875, 14840, 14828, 14816, 14810, 14790, 14774, 14762, 14742, 14727, 14707, 14698, 14685, 14671, 14648, 14630, 14611, 14595, 14585, 14560, 14547, 14533, 14506, 14490, 14477, 14460, 14447, 14439, 14412, 14403, 14385 Support / Resistance on the YM Emini Futures

YM Contract Notes: See Macro Technical View.
Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Still favoring shorts keying on Execution/Target Zones. 14707 key below. 

New all time highs for the Dow. 15175 is Macro LIS. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Beneficial to keep in mind prior Contract Notes (in light of move up since end of 2012). 

YM Execution/Targets Zones:
15555 Extreme Short
15446 Highest Odds Short FTU
15387 - 15364 Range Short
15266 - 15243 Range Long 
15193 - 15175 Highest Odds Long FTD
15062 - 15056 Extreme Long 

Trade smart and trade well!

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