Tuesday, December 3, 2013

TS TradePlan for the YM Emini Futures - Wednesday December 4, 2013

TraderSmarts Numbers for YM (Z)
16222, 16211, 16166, 16161, 16136, 16117, 16107, 16061, 16054, 16042, 16022, 16013, 16972, 15965, 15959, 15939, 15925, 15905, 15886, 15876, 15873, 15852, 15847, 15818, 15808, 15797, 15786, 15769, 14755, 15742, 15732, 15717, 15679, 15666, 15646, 15624, 15616, 15598, 15588, 15576, 15565, 15533, 15525, 15508, 15494, 15485, 15477, 15464, 15440, 15415, 15404, 15393, 15375, 15359, 15340, 15330, 15316, 15303, 15290, 15276, 15271, 15257, 15247. 15237, 15210, 15202, 15188, 15165 Support / Resistance on the YM Emini Futures

YM Contract Notes: 16K YM and 18K ES hit. Favoring shorts for c/b early in the week and targeting a test of Extreme Short. Not ruling out Extreme Long as a  potential upside BIL target of the Friday Nov 29, 2013 high.

Macro Technical View: 15732 TS # was a destination target. Hit and rejected on Thursday the 7th of November. Now trading nicely above. Favoring positioning shorts keying on Short Execution/Target Zones and targeting an eventual move to 15316 destination target below.

YM Execution/Targets Zones:
16222 - 16211 Extreme Short
16061 - 16042  Highest Odds Short FTU
15939 - 15925 Range Short
15797 - 15786 Range Long 
15732 - 15717 Highest Odds Long FTD
15624 - 15612 Extreme Long 

Trade smart and trade well!

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