Thursday, June 19, 2014

TS TradePlan for the YM E-mini Dow Futures - Friday June 20, 2014

TraderSmarts Numbers for YM (U)
17002, 16985, 16924, 16907, 16898, 16862, 16844, 16830, 16826, 16801, 16777, 16749, 16728, 16699, 16687, 16670, 16658, 16642, 16630, 16611, 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: 1959 ES M target hit Wednesday a/h.  Range Long is LIS Friday. 

Selling into contract roll as suggested last week but have a feeling we could get ES M contract up to 1959 target prior to settlement this Friday the 20th. Then a potential CIT down to test ES 1900. 
Macro Technical View: Contract roll in to settlement could be a decent enough catalyst to expect some type of CIT in equity. 

YM Execution/Targets Zones:
17002 - 16985 Extreme Short
16924 - 16898 Highest Odds Short FTU
16844 - 16826 Range Short
16777 - 16749 Range Long
16566 Highest Odds Long FTD
16495 Extreme Long

Trade smart and trade well!

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