Wednesday, August 6, 2014

TS TradePlan for the YM E-mini Dow Futures - Wednesday August 6, 2014

TraderSmarts Numbers for YM (U)
16985, 16972, 16955, 16942, 16933, 16924, 16907, 16898, 16888, 16862, 16858, 16844, 16833, 16810, 16794, 16777, 16757, 16749, 16728, 16718, 16696, 16687, 16670, 16658, 16642, 16630, 16625, 16611, 16604, 16582, 16566, 16545, 16510, 16495, 16472, 16457, 16437, 16428, 16412, 16403, 16387, 16380, 16372, 16347, 16329, 16315, 16289, 16264, 16200, 16170, 16139, 16110, 16098, 16086, 16081, 16048 Support and resistance on the YM E-mini Dow Futures.


YM Contract Notes: We had been favoring shorting bounces the last two weeks. This week expecting good volatility both ways with 16566 and 16777 untested from below. 16403 TS # is LIS Wednesday. 16428 TS # can be considered Aggressive Range Short.

Macro Technical View: 16777 is Macro LIS. 16985 MTS can be used for macro positioning. <<< last done on Tuesday 7/29/2014 and rather compelling. Chart is on the blog I noted it on that day. 

YM Execution/Targets Zones:
16670 - 16642 Extreme Short
16566 Highest Odds Short FTU
16472 - 16457 Range Short
16347 - 16329 Range Long
16200 Highest Odds Long FTD
16098 - 16081 Extreme Long

Trade smart and trade well!

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