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 bearish case is officially dead, at least until further notice. However as you recall our long trigger occurred at 1614.5 so fortunately we didn’t get suckered into the short side ahead of the Independence Day weekend. Once again sticking with our charts instead our emotions or directional bias paid off in the end. There are no further [...]
This is a special Evil Speculator alert as the spoos are currently hovering atop a major inflection point. Of course if you paid due attention yesterday then your sell orders should already be locked and loaded:
HHere’s what is getting my panties in a bunch right now: That was another ignominious fail for the bulls at the 25-day SMA and although we may wind up striking this one up to low vol holiday tape the setup is here and now and I intend to take it IF it triggers. Short at 1594.75 – which is a bit of a step down from yesterday’s Fakeout short entry but still evil enough to get us on board for a smooth ride lower should the spoos be inclined to [...]
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 can’t believe it’s July already – at least on my end the months have just been flying past me. Interesting configurations this first trading day of the month and I expect some nice moves today. On the E-Mini the ST panel is pretty useless right now but the chart to watch today is the daily as we have a bonafide Retest Variation Buy [...]
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 are back at the 25-hour SMA which seems to have become an early morning ritual. We also have two NLSLs for extra support so I’ll play the same game as usual – long above those Net-Lines and short below.
Gold approaching its falling 25-hour and I intend to be short with a stop above.
EUR/USD attempting to [...]