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.
Crude – nice touch of the 25-hour and possible support to get positioned. It’s been tested for a while now and the idea is that it’ll start holding and leading up. Don’t waste too much time here – either it gets into gear or we move on. Mind the hourly NLBL above which is about to expire.
CAD/JPY really got stomped overnight. Possible support and I would like to start seeing higher highs and higher lows here. Speculative setup but I do like that it already sliced through and snapped back. Could be the beginning of a floor pattern.
More below for my intrepid subs:
More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
Please login or register for Zero Data Feed (non-recurring) or Zero Data Feed (recurring) or ES Gold (non-recurring) or ES Gold (recurring) or geronimo/ES (recurring) to view this content.
This entry was posted on Tuesday, January 22nd, 2013 at 8:49 am. Both comments and pings are currently closed.