Busy 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.
Very busy morning today and I’ve racked up a ton of setups. Let’s get started! While you guys were still sleeping the Dow futures briefly kissed the 100-hour SMA and then bounced back. I think we’ve got a good long here with a stop below both the diagonal support line and that 100-hr SMA. I would be short below YM 15900.
AUD/JPY – beautiful 100-hr SMA retest and it’ll have to pick a direction now. I’m currently long with a stop below the rising SMA.
Quite a bit more looming below – please join me in the lair:
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