14141, 14011, 13992, 13916, 13901, 13882, 13868, 13862, 13841, 13836, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504, 13488, 13474, 13456, 13433, 13405, 13375, 13354, 13350, 13339, 13329, 13309, 13289, 13278, 13261, 13254, 13245, 13237, 13221, 13212, 13198, 13181, 13173, 13158, 13147, 13125, 13103, 13084, 13078, 13054, 13039, 13033, 13009, 12998, 12986 Support / Resistance on the YM Emini Futures
YM Contract Notes: 13836 LIS Wednesday. 13523 Big extended target up has been hit. 13836 big target of over 13523 hit. If we hold the 13245 TS # then will likely get new all time highs in the DOW as had been in the Contract Notes since end of 2012. However expecting tests of support below first (13523, 13245, maybe lower) for starters. Remember this has been first call for down since 1/8/2013 call for swing longs. (No .19 Trin day from last week yet - this could either come in the form of TREND UP or TREND DOWN days). Interesting that this has been an expectation for now since the last TRIN day up and not happened yet. Likely hood of hitting on open and trend down day increasing.
Macro Technical View: 13523 is extended target up (now hit Thursday Jan 17 2013). 13261 - 13245 TS # Zone has not been tested since Tuesday Jan 8th 2013. 12836 extended target over 12523 now hit Friday Jan 25, 2013.
Note: Heavily favoring shorts on macro level for c/b over 13836 expecting test of 13523 / 13245 below. 13245 decides new all time highs in DOW or not.
YM Execution/Targets Zones:
14141 Extreme Short
14014 - 13392 Highest Odds Short FTU
13916 Range Short
13868 - 13862 Range Long
13787 Range Long 2
13695 Highest Odds Long FTD
13456 - 13433 Extreme Long
Support becomes resistance and vice versa...
Trade smart and trade well!
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