Wednesday Morning Briefing
Wednesday 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.
Much to my surprise the spoos have held up overnight and my lottery tickets remain intact – thus far. I still consider a breach to the upside a very low probability but if it happens it’ll screw a lot of players as the ‘sideways range’ theory has been plastered all across the financial blogosphere. Moving my stop up to 2087.5 below that hourly NLSL and the 100-hour SMA.
USD/JPY – still like the context on the daily panel I’m taking out a long here with a stop below the prior hourly spike low at 119.3.
More short term setups waiting below the fold – please step into my lair:
It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.
Please login or subscribe here to see the remainder of this post.
You have been briefed – now have fun but keep it frosty.
Cheers,
