Thursday, June 20, 2013

TS TradePlan for the YM Emini Futures - Friday June 21, 2013

TraderSmarts Numbers for YM (U)
15515, 15498, 15377, 15365, 15315, 15287, 15279, 15265, 15252, 15220, 15206, 15195, 15175, 15157, 15153, 15136, 15121, 15105, 15086, 15072, 15057, 15044, 15025, 15016, 15011, 14994, 14984, 14940, 14924, 14897, 14884, 14869, 14814, 14781, 14741, 14702, 14648, 14630, 14570, 14535, 14513, 14444, 14414, 14409, 14390, 14311 Support / Resistance on the YM Emini Futures

YM Contract Notes:  Quadruple witching Friday.

Macro Technical View:  15218 Major Dow cash up target hit. Sold on FOMC. Favoring shorts Thursday on test of 15218 Dow cash test from below. <<< Sold hard Thursday but couldn't bounce into 15218 again. Do we get the Friday stick save or a Summer Friday Flush...either way sticking to Execution/Target Zones gives us our edge. 

New all time highs for the Dow. 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. 

YM Execution/Targets Zones:
15195 - 15175 Extreme Short
15057 - 15044 Highest Odds Short FTU
14884 - 14869 Range Short
14648 - 14630 Range Long 
14513 Highest Odds Long FTD
14469 - 14444 Extreme Long 

Trade smarts and trade well!

No comments: