TraderSmarts Numbers for YM (U)
17192, 17114, 17041, 17015, 17002, 16985, 16942, 16924, 16907, 16898, 16862, 16844, 16833, 16820, 16804, 16794, 16777, 16749, 16728, 16718, 16696, 16687, 16670, 16658, 16642, 16630, 16625, 16611, 16604, 16582, 16566, 16545, 16510, 16495, 16462, 16437, 16432, 16412, 16403, 16380, 16372, 16347, 16329, 16289, 16264, 16200, 16170, 16114, 16110, 16098, 16086 Support and Resistance on the YM E-mini Dow Futures
YM Contract Notes: 16777 TS # remains LIS Monday. 16718 TS # likely support FTD and 16687 - 16670 Friday Range Long the same FTD but note Range Long is under the low of last week. Over and holding 16777 LIS and can squeeze.
Macro Technical View: As expected we got volatility around contract roll / settlement and then the grind up to 1959 ES M contract two weeks ago into last Friday 6/20/14. The next expectation is a potential CIT down to test ES 1900.25 TS # in U contract. Note 16777 TS # is key Day LIS but also Macro LIS so expect short positioning above and long below positioning below and could get substantial unwinding on either side. Can target new highs at Extreme Short holding above LIS and new swing lows at HOL FTD initial holding below.
YM Execution/Targets Zones:
16942 - 16924 Extreme Short
16862 - 16844 Highest Odds Short FTU
16820 - 16804 Range Short
16625 - 16604 Range Long
16566 Highest Odds Long FTD
16432 - 16412 Extreme Long
Trade smart and trade well!
Prior Day Review: YM TS TradePlan Chart for the E-mini Dow Futures - Friday June 27, 2014
Same Chart As Above - Preview of the new TS TradePlan Indicator for NinjaTrader
Precise Trading Plans and Trade Alerts for the E-Mini S&P-500 (ES), E-Mini Dow (YM), Euro (6E), Oil (CL) and Gold (GC) — Click Here to Access
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