Setups Setups Setups!
Setups Setups Setups!
It’s going to be a busy morning as setups are crawling out of the woodworks and everything must go! On the equities side further weakness overnight has brought us to the first real hurdle:
That daily Net-Line Sell Level at 2102.75 is one of three that should start slowing momentum a bit. If we manage to push above 2106.75 then I’ll grab a few long positions with a stop below the recent spike low (wherever that’ll be).
Bonds – I got kicked out of ZB the other day by just a few ticks which was highly annoying but it happens in the best families. The hourly NLBL breach here on the 10-year contract was good enough reason for me to try another stab at this. Conservative stop below the 100-hour SMa.
AUD/JPY – what’s to be said here – long of course with a stop a few pips below the 100-hour BB.
EUR/CAD update – unlike ZN that one stuck with the script and I’m moving my stop to 1.414 now. You may recall that I am waiting for it to switch into trend mode. We are close but not there just yet.
We’re just getting warmed up – more setups below the fold:
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Decent participation here in recent days, given that it’s mid summer and all – keep it up steel rats!
Cheers,
