Threshold Tuesday Morning
Threshold Tuesday Morning
The getting is good this morning as the spoos have once more descended toward their bearish inflection point. From there we’re gotten a little bounce which means we are long now with a stop below the NLSL shown below:
This is a textbook entry guys and I’m taking it now. Our inflection point is 2062.5 – a slicde below does not guarantee it’s falling off the plates but at some point the gist will be up. Meaning I will take the risk of being whipsawed given the downside potential. A lot of pent up momentum and frustration has accumulated over the past three months. The final release will be glorious.
Translation: Long right now with a stop below 2062.5. Short below 2062.5 with a stop above the 25-hour SMA.
The AUD/USD is in shake out mode but has accumulated a lot of support below on the daily panel. Looks like a decent long here near the 100-hour SMA – I’m putting my stop below 0.77.
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.
Cheers,
