Thursday, July 4, 2013

TS TradePlan for the YM Emini Futures - Friday July 5, 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, 14852, 14814, 14781, 14754, 14741, 14702, 14669, 14651, 14646, 14630, 14570, 14535, 14513, 14504, 14469, 14444, 14414, 14409, 14390, 14311 Support / Resistance on the YM Emini Futures

YM Contract Notes:  14754 - 15044 move into the morning of July 4th. 14931 is harmony. 

Macro Technical View:  15218 Major Dow cash up target hit.  We extended target cam back and hit macro support / last break out area at 14550 Dow cash and have started resuming back up. Does it continue? Trend up since 2009. Trend up since Thanksgiving. 5/24 high and 6/22 low in a battle...which breaks first. 

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
15153 - 15136 Highest Odds Short FTU
15072 - 15057 Range Short
14940 - 14924 Range Long 
14869 - 14852 Highest Odds Long FTD
14651 -  14630 Extreme Long 

Trade smarts and trade well!

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