Now Reading
Wednesday Morning Briefing
52

Wednesday Morning Briefing

Wednesday Morning Briefing

by The MoleAugust 28, 2013

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.

Since I took this snapshot the spoos have been pushing higher and I’m pretty certain an attempt will be made to claw its way back above that hourly NLBL at 1632.25 which also lines up with the 25-hour SMA. And those two roughly line up with the daily NLSL at 1631.5 which was yesterday’s short trigger. A push back above it would put me back into long positions with a stop below. After all I’m not married to either direction here and all I care about is winding up on the winning side eventually as big moves are on the horizon.

The golden line for the bears is that weekly SMA at ~ ES 1622 – a drop below that most likely leads us lower. Until then the bulls still have decent odds to pull the cart out of the mud today.

As a matter of fact I’m seeing a potential long entry right here and now:

evil_separator

It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and misinformation. If you are interested in becoming a subscriber then don't waste time and sign up here. The Zero indicator service also offers access to all Gold posts, so you actually get double the bang for your buck.

Please login or subscribe here to see the remainder of this post.

Cheers,

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator