Thursday, June 20, 2013

TS TradePlan for the YM Emini Futures - Thursday June 20, 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, 14897, 14884, 14869, 14814, 14741, 14702, 14646, 14633, 14570, 14535, 14513, 14311 Support / Resistance on the YM Emini Futures

YM Contract Notes:  Somewhat full eco calendar Thursday.

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.

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:
15377 - 15365 Extreme Short
15157 - 15136 Highest Odds Short FTU
15086 - 15072 Range Short
14940 Range Long 
14884 - 14869 Highest Odds Long FTD
14648 - 14630 Extreme Long 

Trade smarts and trade well!

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