Thursday, August 28, 2014

TS TradePlan for the YM E-mini Dow Futures - Thursday August 28, 2014

TraderSmarts Numbers for YM (U)
17710, 17318, 17301, 17240, 17235, 17171, 17142, 17128, 17114, 17098, 17084, 17071, 17050, 17030, 17017, 17004, 16995, 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 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 #. 17098 TS # is LIS Thursday. 
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
17240 - 17235 Highest Odds Short FTU
17114 - 17098 Range Short
17050 - 17030 Range Long
17004 - 16995 Highest Odds Long FTD
16844 - 16833 Extreme Long
Trade smart and trade well!

Prior Day Review: YM TS TradePlan Chart for the E-mini Dow Futures - Wednesday August 27, 2014

Prior Day Review: CL TS TradePlan Chart for Oil - Wednesday August 27, 2014

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