Friday 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.

I hope you rolled out of bed early today as you’re in for an early morning treat. So grab a cup of java (or tea) and let’s get to work! Here’s the NQ again facing a decision – either breach those two hourly NLBLs or drop through the 25-hour SMA. Either way it’ll go I plan to be on board.

The YM also looking very juicy – similar setup except that there’s a lot less room between the 25-hour SMA and the 100-hour SMA. And that shifts our short trigger below that 100-hour.

Same considerations on the spoos today – plus there’s a NLSL to provide extra support. If we manage to catch a ride above that NLBL near 1592.25 we should be go for a push higher. Short below the 100-hour for sure.

Bonds – the ZN still in limbo territory but if you look carefully you realize that the 25-hour BB is compressing. And that means we’ll probably see some long candles here post haste. Keep your eyes on this bugger – it’ll pay off.

Wheat – looking tasty again above its 730 NLBL.

Okay one more freebie since I’m in a brilliant mood today: AUD/JPY pushing into congestion. I think the upside is looking easier, assuming it manages to clear the 100-hour SMA.

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.

Looks like we’re going to have a fun Friday – these are the type of days traders are waiting for. So let’s roll up our sleeves and get to work! I want to see charts, folks! 😉

Cheers,