Sunday, June 15, 2014

TS TradePlan for the YM Emini Futures - Monday June 16, 2014

TraderSmarts Numbers for YM (U)
16985, 16907, 16862, 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, 16080, 16048 Support and resistance on the YM E-mini Futures.

YM Contract Notes: 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: 16025 TS # is M contract 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:
16985 Extreme Short
16830 - 16826 Highest Odds Short FTU
16749 Range Short
16670 - 16658 Range Long
16566 Highest Odds Long FTD
16495 Extreme Long

Trade smart and trade well!

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