Tuesday, August 19, 2014

TS TradePlan for the YM E-mini Dow Futures - Wednesday August 20, 2014

TraderSmarts Numbers for YM (U)
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, 16282, 16264, 16200, 16170, 16162, 16139, 16110 Support and resistance on the YM E-mini Dow Futures.

YM Contract Notes: Favoring shorts Wednesday keyed to short Execution/Target Zones. 16833 TS # is LIS Wednesday. Trading back over 16777 Macro LIS. Expectation is we test back down south of 16777 and into 16658 TS # for a test from above. 

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:
16989 - 16985 Extreme Short
16977 - 16960 Highest Odds Short FTU
16907- 16888 Range Short
16844 - 16833 Range Long
16728 Highest Odds Long FTD
16630 - 16625 Extreme Long

Trade smart and trade well!


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