Sunday, July 14, 2013

TS TradePlan for the YM Emini Futures - Monday July 15, 2013

TraderSmarts Numbers for YM (U)
15689, 15568, 15515, 15498, 15489, 15465, 15442, 15412, 15377, 15365, 15345, 15330, 15315, 15287, 15279, 15265, 15252, 15241, 15225, 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: Plan is to remain nimble and focus on TS #'s and Execution/Target Zones.

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
15315 - 15287 Range Long 
15225 - 15206 Highest Odds Long FTD
14994 - 14984 Extreme Long 

Trade smarts and trade well!

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