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.
There must be something about that new moon as it’s literally pouring exciting setups this morning. Let’s start with the spoos which is now facing a trifecta of resistance – there’s a pretty pronounced diagonal, its 25-hour SMA, plus an hourly NLBL. Absolutely fantastic spot to get positioned and I’m short until that NLBL at 1513.75 gives way.
Also a neat diagonal plus a SMA duo on the AUD/CAD. Use it!
The 10-year is coiling up and I think it’s going to do blast off in a matter of hours. The trigger lines are on the treasure map for your convenience so keep an eye on that.
This was only a small sub sample – please join me in the lair:
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This entry was posted on Tuesday, February 12th, 2013 at 7:52 am. Both comments and pings are currently closed.