Slow Tuesday Morning
Slow Tuesday Morning
Not much movement or excitement this morning. I’m not seeing anything juicy on the setup front either as we’re apparently pushing through some ‘post-jump-gyrations’ over in forex and the futures. Not the kind of tape you want to test your luck in. On the equities front we’ve got the spoos still hovering near our current inflection point:
Experimental longs near ~ES 2052 are permissible. Below the 25-hour SMA we are running the risk of a slide. If you play along here use 1/2R maximum as any resolution would most likely be forceful. As in ‘vale la pena’ plus if it takes off the ‘wrong’ way then you’ll most likely get a lousy fill.
Alright, let’s see how this resolves – I catch you guys later this afternoon.
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Cheers,
