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.

Seems like a pretty slow morning to me – after a little dip lower the E-Mini is holding steady thus far. However we can’t rule out a little shake out day, perhaps retesting the 100-hour SMA. That probability becomes more viable after a breach of the current spike low at 2089. Above the NLBL at 2094.25 we should establish a new base for a push higher.

The NQ remains to be my favorite thus far – a bit more mojo than the spoos actually. As you know I’m already in this but here are today’s price points for your convenience.

Soybeans – I’m still short here as you may recall. My stop is above that NLBL at 955.25 – I expect a bit of thrashing about here for a day or two after which it’ll make its move.

BTW, great discussion thread over the weekend although I see many ancient concepts being regurgitated. My impression was that the value of consistency and perseverance had been undeniable demonstrated here over the past six years. I think most people overestimate the level of complexity or skill required and vastly underestimate the compounding value of time paired with consistent action.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,