Tuesday 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.
Here’s yesterday’s E-Mini session as observed via the Zero indicator. That bullish divergence at the bottom gave you plenty of time to lighten up and perhaps drop into some longs. Crank up the tune and watch those Mole signals point the way.
The E-Mini has managed to hold its 25-hour overnight and thus far it remains above its NLSL. First hurdle ahead will be the 100-hour near 1642.
Crude – very nice setup as the 100-hour is meeting the 25-hour SMA. I’d be long above the 100-h and short below the 25-h SMA.
The greenback is continuing its drop lower and it now seems that its 25-hour is once again observed as resistance.
AUD/JPY – short here below the 25-hour with stop near the 100-hour SMA. Long only above 97.23 which is the hourly NLBL – once that passes us use that diagonal I painted.
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