Thursday, June 6, 2013

TS TradePlan for the YM Emini Futures - Friday June 7, 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, 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: Clearly, 15175 TS # Big Macro TS # and Big Target Up hit will be significant in the forgoing trade. Watch 15167 TS # just below FTU. 

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. We got the move into initial 14942 TS # target Wednesday. 14707 Extreme 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:
15309 - 15303 Extreme Short
15243 - 15232 Highest Odds Short FTU
15097 - 15079 Range Short
14921 - 14907 Range Long 
14828 - 14816 Highest Odds Long FTD
14707 Extreme Long 

Trade smarts and trade well!

No comments: