TraderSmarts Numbers for YM (U)
15689, 15568, 15515, 15498, 15489, 15465, 15442, 15412, 15377, 15365, 15315, 15287, 15279, 15265, 15252, 15241, 15220, 15206, 15195, 15175, 15161, 15153, 15136, 15121, 15105, 15086, 15072, 15057, 15044, 15025, 15016, 15011, 14994, 14984, 14959, 14940, 14924, 14897, 14884, 14869, 14852, 14814, 14781, 14754, 14741, 14702, 14669, 14651, 14646, 14630, 14570, 14535, 14513, 14504, 14469, 14444, 14414, 14409, 14390, 14311 Support / Resistance on the YM Emini Futures
YM Contract Notes: In process of monster a/h squeeze here across the board (bonds too). First full week of a new month. Note HOL FTD is not moving up.
Macro Technical View: 15218 Major Dow cash up target hit. We extended target cam back and hit macro support / last break out area at 14550 Dow cash and have started resuming back up. Does it continue? Trend up since 2009. Trend up since Thanksgiving. 5/22 high and 6/24 low in a battle...which breaks first.
New all time highs for the Dow. Note that no major crash has taken place without first making new all time highs which we now have. 13133 and 15218 (target hit) on Dow cash are two macro areas of interest. Over 15218 TS # target hit and holding...and can target the 16278, 16466, 16654 TS #'s above with 15865 TS # along the way in Dow cash. Note we have two consecutive closes on daily above 15218 TS # Dow cash.
YM Execution/Targets Zones:
15689 Extreme Short
15489 - 15465 Highest Odds Short FTU
15412 Range Short
15252 - 15241 Range Long
14994 - 14984 Highest Odds Long FTD
14884 - 14869 Extreme Long
Trade smarts and trade well!
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