Thursday 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 E-Mini is back at its 25-hour – another opportunity to get positioned. Remember to look out for the lower 25-hour BB if she breaches below before the open. Also there’s the 100-hour and a NLSL looming right below. I wouldn’t waste any thoughts on short positions until all that is sitting above. Rock on.
Copper painting an interesting trifecta this morning. If price can overcome those two entangled SMAs then I think we got more upside on the horizon. If not then this puppy may just roll over on its back.
AUD/JPY – back at its 100-hour. I like those retest setups – currently long with a stop just below the SMA. Willing to flip n a drop through but it’s looking bullish.
More below for my intrepid subs – please step into my lair:
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This entry was posted on Thursday, January 24th, 2013 at 7:24 am. Both comments and pings are currently closed.