Wednesday, May 29, 2013

TS TradePlan for the YM Emini Futures - Thursday May 30, 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 Wednesday. Big doji on the weekly candle last week. 15309 - 15289 could be considered Aggressive Range Long

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:
15462 - 15447 Extreme Short
15371 - 15358 Highest Odds Short FTU
15337 - 15329 Range Short
15193 - 15175 Range Long 
15056 - 15040 Highest Odds Long FTD
14790 - 14774 Extreme Long 

Trade smarts and trade well!

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