15555, 15447, 15387, 15364, 15337, 15329, 15311, 15309, 13266, 15257, 15243, 15232, 15225, 15210, 15193, 15175, 15167, 15155, 15115, 15097, 15079, 15062, 15056, 15040, 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: 15337 - 15329 TS # Zone is LIS Thursday. I noticed some blowoff type spikes intraday Tuesday. Potential blowoff high on Wednesday. We shall see what the rest of the week brings. See Macro Technical View. If volatility continues Thursday, and seeing no reason why it shouldn't with a full eco calendar and following Wed candle, there is a very good probability of Extreme Long being tested. No change in short Execution Target Zones but keep in mind 15337 - 15329 LIS.
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
15447 Highest Odds Short FTU
15387 - 15364 Range Short
15232 - 15210 Range Long
15193 - 15175 Highest Odds Long FTD
15056 - 15040 Extreme Long
Trade smart and trade well!
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