TS TradePlan for the YM Emini Futures - Tuesday March 5, 2013

TraderSmarts Numbers for YM (H)

14309, 14305, 14198, 14182, 14148, 14141, 14114, 14099, 14078, 14055, 14021, 14014, 13992, 13977, 13965, 12947, 12939, 13924, 13913, 13892, 13874, 13858, 13836, 13813, 13787, 13773, 13740, 13726, 13709, 13695, 13680, 13661, 13644, 13631, 13601, 13573, 13523, 13504, 13488, 13474, 13456, 13433, 13405, 13375 Support / Resistance on the YM Emini Futures

YM Contract Notes: Megaphone pattern playing out. Favoring shorts keying on Execution/Target Zones. 14148 TS # is important. 14055 - 14021 would be aggressive range long if you want to keep buying this - not including it in Execution/Target Zones :)

Macro Technical View:  May want to check chart of Feb 27, 2007 and move that preceded it. Favoring shorts especially if can get cost basis over 14148 TS #.

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 still favoring shorts targeting tests of 13836 initial (We got that Thursday 2/21/13 and again Monday 2/25), 13523, and potentially 13245 (LIS for new all time highs) below.  Also of note that no major crash has taken place without first making new all time highs so if we get a retrace from this high prior to new all time highs it is very likely proceeded by a march to new all time highs. Think dow cash in terms of down to 13,133 and up to 15,218 + as about max move size from here at 14K on 2/24/2013.

YM Execution/Targets Zones:

14309 - 14305 Extreme Short 

14198 - 14182 Highest Odds Short FTU

14148 - 14141 Range Short

13977 - 13965 Range Long 

13939 - 13924 Highest Odds Long FTD

13644 - 13631 Extreme Long 

Support becomes resistance and vice versa...

Trade smart and trade well!

TS TradePlan for ES YM 6E GC CL + TS Trades (Live Trade Alerts / Market Commentary / Private Twitter Feed): www.tradersmarts.net