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.
The spoos are in a pretty good spot right now. I want to be long above the 25-hour with as top below that NLSL at 1,715.25. A bit of BB compression going on there as well, could get fun. I am not that interested in a short here below the NLSL as the 100-hour looms below at 1705.
The NQ is looking pretty solid here with plenty of ST support below. However some very pronounced BB compression and perhaps we’ll get a bit of acceleration here.
Some FX plays below for my intrepid subs:
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