Friday, August 22, 2014

TS TradePlan for the YM E-mini Dow Futures - Friday August 22, 2014

TraderSmarts Numbers for YM (U)
17142, 17098, 17084, 17057, 17045, 17017, 17002, 16989, 16985, 16977, 16960, 16938, 16924, 16907, 16898, 16888, 16862, 16858, 16844, 16833, 16814, 16810, 16794, 16777, 16757, 16749, 16728, 16718, 16696, 16687, 16670, 16658, 16642, 16630, 16625, 16611, 16604, 16582, 16566, 16545, 16528, 16510, 16495, 16472, 16457, 16437, 16428, 16412, 16403, 16387, 16380, 16372, 16347, 16329, 16315, 16289 Support and resistance on the YM E-mini Dow Futures.

YM Contract Notes: Yellen. Favoring shorts Friday keyed to short Execution/Target Zones. This has been in TS TradePlan since Thursday 8/14. We go some action last Thursday/Friday but this week has been all short squeeze since Sunday Globex open. 16977 TS # is LIS Thursday. Trading back over 16777 Macro LIS. 16985 MTS just above, last tested on 7/29/2014 as noted in MTV below.

Macro Technical View: 16777 is Macro LIS. 16985 MTS last used for Macro positioning on Tuesday 7/29/2014 and rather compelling. Chart is on the blog I noted it on that day. 

YM Execution/Targets Zones:
17142 Extreme Short
17098 - 17084 Highest Odds Short FTU
17057 - 17045 Range Short
16924 - 16907 Range Long
16844 - 16833 Highest Odds Long FTD
16630 Extreme Long

Trade smart and trade well!

Prior Day Review: ES TS TradePlan Chart for the E-mini S&P-500 Futures - Thursday August 21, 2014

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