Tuesday, August 6, 2013

TS TradePlan for the YM Emini Futures - Wednesday August 7, 2013

TraderSmarts Numbers for YM (U)
15812, 15704, 15689, 15654, 15626, 15614, 15583, 15568, 15542, 15532, 15515, 15505, 15489, 15471, 15448, 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:
15704 - 15689Extreme Short
15626 - 15614 Highest Odds Short FTU
15515 - 15505 Range Short
15412 - 14391 Range Long 
15225 - 15206 Highest Odds Long FTD
15175 - 15161 Extreme Long 

Trade smart and trade well!

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