TraderSmarts Numbers for YM (M)
16431, 16317, 16300, 16279, 16268, 16229, 16204, 16176, 16161, 16139, 16132, 16117, 16099, 16091, 16066, 16058, 16052, 16025, 15989, 15979, 15972, 15926, 15883, 15874, 15863, 15857, 15810, 15795, 15761, 15754, 15685, 15660, 15625, 15566, 15510, 15418, 15145 Support and resistance on the YM E-Mini Futures.
YM Contract Notes: It may be beneficial to take a look at Friday's TS TradePlan Chart for YM where we spent the entire day between Range Long and Range Short before finally closing at the lows (Range Long). Note that Monday Range Short is lower than Friday and Friday's Range Long is now Monday's HOL FTD.
Macro Technical View: We stopped 1 tick above our 15275 - 15255 TS # Zone that was the CIT target for H contract and reversed up hard. Expectation is the 15276 H contract lows are vulnerable and as has been in TS TradePlan since Sunday March 9, 2014 we have been favoring the short side. See no reason to stop favoring shorting bounces on a macro level.
YM Execution/Targets Zones:
16300 - 16279 Extreme Short
16176 - 16161 Highest Odds Short FTU
16052 - 16025 Range Short
15926 Range Long
15874 -15857 Highest Odds Long FTD
15810 - 15795 Extreme Long
Trade smarts and trade well!
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