Thursday, January 2, 2014

TS TradePlan for the YM Emini Futures - Friday January 3, 2014

TraderSmarts Numbers for YM (H)
16843, 16701, 16555, 16545, 16484, 16467, 16434, 16422, 16398, 16372, 16364, 16348, 16314, 16296, 16285, 16270, 16236, 16205, 16154, 16139, 16112, 16067, 16038, 16026, 16005, 15990, 15971, 15959, 15936, 15902, 15893, 15875, 15857, 15833, 15827, 15778, 15763, 15732, 15721, 15687, 15625, 15600, 15562, 15522, 15510, 15484, 15428, 15395, 15375, 15355, 15275, 15255, 15209, 15161, 15085, 15066 Support / Resistance on the YM Emini Futures

YM Contract Notes: First trading day of 2014 and they sold it. IMO can't read too much into it - it takes more than one day to make a trend - but we do have CIT target in Macro Technical View. 

Macro Technical View: New highs on FOMC with some strong negative divergences on the daily. 15275 - 15255 CIT target below. Can get higher targets. 

YM Execution/Targets Zones:
16555 - 16545 Extreme Short
16484 - 16467 Highest Odds Short FTU
16434 - 16422 Range Short
16314 Range Long 
16284 - 16270 Highest Odds Long FTD
16112 Extreme Long 

Trade smart and trade well!

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