Thursday, May 30, 2013

TS TradePlan for the YM Emini Futures - Friday May 31, 2013

TraderSmarts Numbers for YM (M)
15697, 15555, 15471, 15462, 15447, 15428, 15387, 15371, 15364, 15358, 15337, 15329, 15311, 15309, 15289, 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 Friday. Big doji on the weekly candle last week. Heading into Friday...another doji on the weekly. 15225 TS # important between Range Long & HOL FTD.

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
15462 - 15447 Highest Odds Short FTU
15371 - 15358 Range Short
15309 - 15289 Range Long
15193 - 15175 Highest Odds Long FTD
15056 - 15040 Extreme Long

Trade smarts and trade well!

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