Friday 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.
The spoos are gyrating all over the place but outside of all the drama we still have a rising wedge/channel which despite fast candles seems to be observed. The lowest and highest boundaries appear safest to get positioned.
In case you missed it – I also just posted yesterday’s video wrap-up on the E-Mini.
AUD/JPY approaching its 25-hour – also there’s a NLSL which should be good for the first few hours of the NYSE session (which opens in 45 minutes of this writing).
Crude really interesting this morning. Obviously there’s the 25-hour that’s leading prices down but also a well defined diagonal. I would use that one as our inflection point. Don’t try to get positioned below – you’ll get torn to pieces.
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This entry was posted on Friday, February 1st, 2013 at 8:53 am. Both comments and pings are currently closed.