TraderSmarts Numbers for YM (U)
15515, 15498, 15377, 15365, 15315, 15287, 15279, 15265, 15252, 15220, 15206, 15195, 15175, 15157, 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: NO intraday bias. Trading what sets up around Execution/Target Zones. First full week of a new month. Under 14852 TS # and can go to any low. 14669 - 15651 likely target with 14754 - 14741 most significant along the way.
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.
YM Execution/Targets Zones:
15315 - 15287 Extreme Short
15195 - 15175 Highest Odds Short FTU
15136 - 15121 Range Short
14994 - 14984 Range Long
14940 - 14924 Highest Odds Long FTD
14869 - 14852 Extreme Long
Trade smarts and trade well!
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