TS TradePlan for the YM Emini Futures - Friday February 22, 2013

TraderSmarts Numbers for YM (H)

14309, 14148, 14141, 14099, 14078, 14055,14021, 14014, 13992, 13977, 13965, 12947, 12939, 13924, 13913, 13892, 13879, 13858, 13836, 13813, 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 Support / Resistance on the YM Emini Futures

YM Contract Notes: Heavily favoring shorts into HOS FTU then stand down until Extreme. Flush through 13977 - 13947 Wednesday (exactly what shorts wanted to see). According to notes from Wed if this is true BIL then we top out by Thursday and start reversing down by Friday. 13977 / 13947 Key Resistance Thursday. 

Macro Technical View:  May want to check chart of Feb 27, 2007.  BIL high complete? >>>> Friday will be telling...

Dow close over 14K on 2/1/2013. Higher close Wed 2/12/13. Since the end of 2012 it has been in the Contract Notes that over and holding 13245 and we likely get new all time highs in the Dow. Three big extended up targets have been hit since 1/8/2013 when TS TradePlan first called for swing longs: 13523,  13836 and 13992. New all time highs in the Dow are only 200 ticks away so do we get a retrace before making a stab at new highs or do we just keep charging up? I don't know what will happen but favoring shorts looking for a BIL high to short and targeting tests of 13836 initial, 13523, and potentially 13245 below. <<<Got the BIL high on Tuesday Feb 19, 2013 now see what happens from here.  If this is true BIL then likely tops out by Thursday and reversing down to targets by Friday. <<<< now new high WED selling THURS (but saved at 13813 TS # and bottom of highest odds long FTD) Low of day Thursday 2 ticks under the TS # at 13811 (13836 initial target down hit) ...see what happens FRI.

YM Execution/Targets Zones:

14148 - 14141 Extreme Short 

14014 - 13992 Highest Odds Short FTU

13939 - 13924 Range Short

13836 - 13813 Range Long 

13695 - 13680 Highest Odds Long FTD

13504 - 13488 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

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