Tuesday Morning Briefing
Welcome to our morning briefing. Here we are reviewing short term setups ahead of the NYSE opening bell. If you are a scalper or swing trader then these setups may be of interest to you. As usual keep in mind that these are short term setups although they could be used as early entries for more longer term positions.
The E-Mini happens to be lingering around short term support right now. There’s an hourly NLBL which it’s been battling for the past few hours. I want to be long here with a stop below the 25-hour. I am not sure that a drop below would get me into a short trade – IMNSHO a continuation higher (i.e. burning more shorts) would be the easier trade right now.
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This entry was posted on Tuesday, November 20th, 2012 at 8:55 am. Both comments and pings are currently closed.