Monday, June 3, 2013

TS TradePlan for the YM Emini Futures - Tuesday June 4, 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: Strong support at Execution/Target Zones. Can likely trade it both ways intraday but looking for a second flush day, see below. 

Macro Technical View:  15175 TS # target up hit. 15218, a major Dow cash target also hit, and market keeps moving higher. Favoring shorts for c/b above 15175 TS # keying on Execution/Target Zones and targeting 14707 TS # as extended target but 14942 extreme as initial big target 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:
15462 - 15477 Extreme Short
15358 - 15337 Highest Odds Short FTU
15309 - 15303 Range Short
15155 Range Long 
15056 - 15040 Highest Odds Long FTD
14942 Extreme Long 

Trade smarts and trade well!

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