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.
I trust you all spent your three day weekend reminiscing about George Washington but now it’s back to the grind – so put on your game faces and try to look busy. The E-Mini has been working its way higher and may be touching a short term reversal zone. I am planning on being short here until I see a push above 1421.5 and above. The next hour or so should be interesting so pay attention.
USD/JPY meanwhile back at its 100-hour SMA – there’s also an hourly NLSL right below thus it’s a great inflection point for trading a bounce or breach lower.
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Good to be back – too many holidays in the past few weeks
This entry was posted on Tuesday, February 19th, 2013 at 8:35 am. Both comments and pings are currently closed.