Monday, August 5, 2013

TS TradePlan for the YM Emini Futures - Tuesday August 6, 2013

TraderSmarts Numbers for YM (U)
15812, 15704, 15689, 15654, 15626, 15614, 15583, 15568, 15542, 15532, 15515, 15505, 15489, 15458, 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: 15315 - 15287 important support zone along the way to HOL FTD if we break down. 15568 TS # hit. 15583 - 15568 macro resistance. 

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 early in the week keying on Execution/Target Zones for c/b over 15568 TS # targeting 15206 TS # / 14852 TS # extended.

YM Execution/Targets Zones:
15812 Extreme Short
15704 - 15689 Highest Odds Short FTU
15626 - 15614 Range Short
15505 Range Long 
15458 Highest Odds Long FTD
15225 - 15206 Extreme Long 

Trade smart and trade well!

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