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.

There must be something about that new moon as it’s literally pouring exciting setups this morning. Let’s start with the spoos which is now facing a trifecta of resistance – there’s a pretty pronounced diagonal, its 25-hour SMA, plus an hourly NLBL. Absolutely fantastic spot to get positioned and I’m short until that NLBL at 1513.75 gives way.

Also a neat diagonal plus a SMA duo on the AUD/CAD. Use it!

The 10-year is coiling up and I think it’s going to do blast off in a matter of hours. The trigger lines are on the treasure map for your convenience so keep an eye on that.

This was only a small sub sample – please join me in the lair:
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Currencies are on fire this morning – absolutely loving it. Here’s the AUD/JPY being pushed higher by its 25-hour but running into a NLBL (which matches a prior NLSL). I am going to use this as my trigger point – mostly interested in a long on a breach here.

AUD/USD stuck below a cluster of resistance.

EUR/USD trying to make a run for it – great spot to get positioned if you missed the breach earlier this morning. I love those retests – always happy to grab a few contracts there. Stop below the SMA – willing to flip if it fails but it seems thi one wants to run higher.

GBP/CAD – you’re going to see those little diagonals across the FX front this morning. I like this one as it’s happening near the 100-hour.

GBP/NZD – short on a breach of that little support line – long if it makes it above the SMA.

NZD/JPY – looking a bit like the spoos – similar idea. Short now or if it drops below the SMA. Long on a push above that NLBL.

NZD/USD – same idea, except that we have the 100-hour playing along. Great setup.

USD/CAD above a cluster of support – use it.

Silver testing its 25-hour SMA.

And the 30-year back at the 100-hour. We already got a spike lower which now establishes a rough support line. I would be short below that one and long while it holds that 100-hour SMA.

Cheers,