Wednesday, June 12, 2013

TS TradePlan for the YM Emini Futures - Thursday June 13, 2013

TraderSmarts Numbers for YM (M)
15697, 15555, 15471, 15462, 15447, 15428, 15387, 15371, 15364, 15358, 15337, 15329, 15309, 15303, 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, 14711, 14707, 14698, 14685, 14671, 14648, 14630, 14616, 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: Clearly, 15175 TS # Big Macro TS # and Big Target Up hit will be significant in the coming trade...likely acting as a significant LIS. Over 15358 TS # and squeeze likely on for trend day with 15555 likely target.

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit. 14707 TS # significant below for likely test from above. 14616 TS # under Extreme Long significant.

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:
15358 - 15337 Extreme Short
15210 - 15193 Highest Odds Short FTU
15062 - 15056 Range Short
14828 - 14816 Range Long
14711 - 14707 Highest Odds Long FTD
14648 - 14630 Extreme Long

Trade smarts and trade well!

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