TraderSmarts Numbers for YM (M)
17247, 17162, 17127, 17084, 17071, 17053, 17048, 17013, 17006, 16970, 16936, 16919, 16892, 16878, 16857, 16834, 16818, 16782, 16769, 16754, 16739, 16717, 16700, 16696, 16692, 16661, 16646, 16633, 16622, 16600, 16593, 16585, 16577, 16568, 16550, 16538, 16530, 16511, 16502, 16488, 16464, 16458, 16446, 16432, 16414, 16409, 16390, 16381, 16364, 16353, 16334, 16317, 16304, 16288, 16279, 16268 Support and resistance on the YM E-mini Futures.
YM Contract Notes: Doji on Monday. Doji on Tuesday. Selling on Wednesday. Looks like a Tower Top but we have contract roll tomorrow for equity. I have a feeling we get M contract jammed up to 1959 TS # (ES) prior to any type of major roll. If that scenario plays out over and holding Range Short and short squeeze is likely on. As always keep context in mind. Under Extreme Long and holding and can target 16502 - 16488 TS # Zone.
The last few rolls the old contract has maintained the most volume for most of the session on Thursday roll. Because of how I determine when to switch and because volume has been staying in the old contract I will update TS #'s for U for Friday.
Macro Technical View: 16025 TS # is key macro tested from above in April. Now trading at new all time highs. Contract roll in to settlement could be a decent enough catalyst to expect some type of CIT in equity.
YM Execution/Targets Zones:
17084 - 17071 Extreme Short
17013 - 17006 Highest Odds Short FTU
16919 - 16892 Range Short
16834 - 16818 Range Long
16754 Highest Odds Long FTD
16633 - 16622 Extreme Long
Prior Day Review: YM TS TradePlan Chart for the E-Mini Dow - Wednesday June 11, 2014
Trade smart and trade well!
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