TraderSmarts Numbers for YM (U)
16985, 16907, 16862, 16830, 16826, 16801, 16777, 16749, 16728, 16699, 16687, 16658, 16642, 16630, 16611, 16582, 16566, 16545, 16510, 16495, 16462, 16437, 16432, 16412, 16403, 16380, 16372, 16347, 16329, 16289, 16264, 16200, 16170, 16114, 16110, 16098, 16086, 16080, 16048 Support and resistance on the YM E-mini Futures.
YM Contract Notes: Selling into contract roll as suggested last week but have a feeling we could get ES M contract up to 1959 target prior to settlement. Then a potential CIT down to test 1900.
Macro Technical View: 16025 TS # is M contract key macro tested from above in April. Now trading at new all time highs. Contract roll in to settlement could be a decent enough catalyst to expect some type of CIT in equity.
YM Execution/Targets Zones:
16985 Extreme Short
16830 - 16826 Highest Odds Short FTU
16749 Range Short
16630 - 16611 Range Long
16566 Highest Odds Long FTD
16495 Extreme Long
Trade smart and trade well!
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