Friday, November 15, 2013

TS TradePlan for the YM Emini Futures - Friday November 15, 2013

TraderSmarts Numbers for YM (Z)
16054, 15959, 15925, 15886, 15852, 15847, 15818, 15808, 15786, 15769, 14755, 15742, 15732, 15717, 15679, 15666, 15646, 15624, 15616, 15598, 15588, 15576, 15565, 15533, 15525, 15508, 15494, 15485, 15477, 15464, 15440, 15415, 15404, 15393, 15375, 15359, 15340, 15330, 15316, 15303, 15290, 15276, 15271, 15257, 15247. 15237, 15210, 15202, 15188, 15165, 15148, 15131, 15119, 15103, 15097, 15089, 15080, 15064, 15059, 15051, 15025, 15009, 15001, 14970 Support / Resistance on the YM Emini Futures

YM Contract Notes: 15732 TS # is key at destination target hit. Friday is tough to put on un-hedged positions over the weekend.

Macro Technical View: 15732 TS # was a destination target. Hit and rejected last Thursday the 7th. Favoring shorts targeting an eventual move to 15316. Bullish candle Wednesday and follow through Thursday but IMO can't put much conviction behind a daily candle here. Case in point 11/6 - 11/8/2013. 

YM Execution/Targets Zones:
16054 Extreme Short
15959 Highest Odds Short FTU
15886 Range Short
15808 Range Long 
15717 Highest Odds Long FTD
15588 - 15565 Extreme Long 

Trade smart and trade well!

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