TraderSmarts Numbers for YM (U)
15812, 15689, 15654, 15626, 15617, 15583, 15568, 12538, 15532, 15515, 15505, 15489, 15465, 15449, 15434, 15412, 15391, 15377, 15365, 15345, 15330, 15315, 15287, 15279, 15265, 15252, 15241, 15225, 15206, 15195, 15175, 15161, 15153, 15136, 15121, 15105, 15086, 15072, 15057, 15044, 15025, 15016, 15011, 14994, 14984, 14959, 14940, 14924, 14897, 14884, 14869, 14852, 14814 Support / Resistance on the YM Emini Futures
YM Contract Notes: no change in contract notes other than we ticked into 15568 Wednesday. Thursday is the first trading day of August. 15315 - 15287 important support zone along the way to HOL FTD if we break down. Can we consolidate any more above 15412 Big Macro TS #? Obviously a rhetorical question. Clearly we are consolidating above it and appears we may test up into and over 15568 TS # (the next Big Macro above). If we do I am favoring shorts on a macro basis. Intraday this provides opportunities up to 15568 and over into HOS FTU as well as opportunities down from HOS FTU. Range Short has not changed from Tuesday and on Tuesday we found resistance at Range Short about to the tick. 15538 - 15532 Range.
Macro Technical View: 15218 Major Dow cash up target hit. Over 15218 TS # target hit and holding...and can target the 16278, 16466, 16654 TS #'s above with 15865 TS # along the way in Dow cash. Note that 15412 YM is a Macro up TS # target and could be a pivotal TS # for potential CIT
Favoring macro shorts for c/b over 15568 TS # targeting 15206 TS # / 14852 TS # extended.
YM Execution/Targets Zones:
15812 Extreme Short
15626 - 15617 Highest Odds Short FTU
15538 - 15532 Range Short
15449 - 15434 Range Long
15225 - 15206 Highest Odds Long FTD
15161 - 15153 Extreme Long