Wednesday, May 15, 2013

TS TradePlan for the YM Emini Futures - Thursday May 16, 2013

TraderSmarts Numbers for YM (M)
15387, 15333, 15311, 15309, 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 Tech View below. 15175 TS # is LIS Thursday. Note that all Long Execution/Target Zones are higher so in case of of big red may pay to keep in mind Execution/Target Zones from Wednesday TS TradePlan. 

Macro Technical View:  15175 TS # target up hit. 15218 Dow cash target  hit. 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:
15387 Extreme Short
15311 - 15309 Highest Odds Short FTU
15243 - 15232 Range Short
15167 - 15155 Range Long 
15115 - 15097 Highest Odds Long FTD
15062 - 15056 Extreme Long 

Trade smart and trade well!

No comments: