Friday Morning Update
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 has finally managed to breach the 25-hour SMA. I am now out of my short positions and won’t think about going long until we get near that 100-hour near 1365. And yes, in case you wonder – IF we breach back below the 25-hour I will take on a few more shorts.
The remainder of today’s chart goodies is reserved for my intrepid subs:
More charts and non-biased commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero or Geronimo subscriber it includes access to all Gold posts, so you actually get double the bang for your buck.
Please login or register for Zero Data Feed (non-recurring) or Zero Data Feed (recurring) or ES Gold (non-recurring) or ES Gold (recurring) or geronimo/ES (recurring) to view this content.
This entry was posted on Friday, November 16th, 2012 at 8:45 am. Both comments and pings are currently closed.