Friday, March 21, 2014

TS TradePlan for the YM Emini Futures - Friday March 21, 2014

TraderSmarts Numbers for YM (M)
16511, 16458, 16432, 16390, 16376, 16353, 16317, 16300, 16279, 16268, 16242, 16229, 16216, 16204, 16198, 16176, 16161, 16139, 16132, 16117, 16099, 16091, 16078, 16066, 16058, 16052, 16025, 15989, 15979, 15972, 15965, 15926, 15883, 15874, 15863, 15857, 15810, 15795, 15761, 15754, 15685, 15660, 15625, 15566, 15510, 15418, 15145 Support and resistance on the YM E-Mini Futures.

YM Contract Notes: Focusing on Execution/Target Zones. 16300 - 16279 has been Range Short for the past couple sessions. 

Macro Technical View: We stopped 1 tick above our 15275 - 15255 TS # Zone that was the CIT target for H contract and reversed up hard. Expectation is the 15276 H contract lows are vulnerable and as has been in TS TradePlan since Sunday March 9, 2014 we have been favoring the short side. See no reason to stop favoring shorting bounces on a macro level.  

YM Execution/Targets Zones: 
16511 Extreme Short
16432 Highest Odds Short FTU
16353 Range Short
16216 - 16198 Range Long 
16139 - 16132 Highest Odds Long FTD
16025 Extreme Long 

Trade smarts and trade well!

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