Monday 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.
Quite some directional moves have been happening in the early hours. The E-Mini, that sneaky bugger, has been dancing on the 100-hour since the Sunday session open and then started to push higher. Not that this is a big surprise to us, the signs of a continuation higher were on the horizon on Friday already. We now have established support on the 100-hour SMA and I am long with a stop below 1360. I’m a simple man – no reason to over complicate this.
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This entry was posted on Monday, November 19th, 2012 at 8:45 am. Both comments and pings are currently closed.