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.
Overnight the spoos have dropped toward their brand spanking new NLSL at 1509.75 – merely missed it by one tick. This is will be our line in the sand today as the lower line of our 100-hour BB will soon correlate. I would ignore all the noise in between and get positioned at the lower BB and of course near the 100-hour SMA.
I’m seeing several promising GBP related setups this morning. Here’s the GBP/AUD pair which is heading into a short term resistance cluster. I would be short here until we see a breach of the 25-hour.
There’s more – please step into my lair:
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This entry was posted on Thursday, February 14th, 2013 at 8:11 am. Both comments and pings are currently closed.