Monday, August 25, 2014

TS TradePlan for the YM E-mini Dow Futures - Monday August 25, 2014

TraderSmarts Numbers for YM (U)
17710, 17318, 17301, 17171, 17142, 17114, 17098, 17084, 17071, 17050, 17017, 17002, 16989, 16985, 16977, 16960, 16953, 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 Support and resistance on the YM E-mini Dow Futures.


YM Contract Notes: Week long squeeze last week starting at Sunday Globex open. Off to another gap up this week. Trading back over 16777 Macro LIS and 16985 MTS #. 17002 TS # is LIS Monday. 

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. Retesting July 2014 highs. 

YM Execution/Targets Zones:
17318 - 17301 Extreme Short
17171 Highest Odds Short FTU
17098 - 17084 Range Short
17017 - 17002 Range Long
16844 - 16833 Highest Odds Long FTD
16630 Extreme Long

Trade smart and trade well!

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