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.

So far so good – the E-Mini has advanced to exactly where I wanted it and I grabbed a handful of lottery tickets right below my inflection point at 2103. My stop is at 2104 and change – above that we are back in limbo tape until about ES 2111, at which point I am going to re-evaluate the situation. See the stack of daily NLBLs up there which should be good for at least some short term resistance.

For the record – no time like the present on this one. We have been here many times and the bears lost almost every single one of these setups since 2009. So this either works itself out right here near the open or we’ll most likely hop the fence and head higher. Which is fine for me actually – I don’t like drawn out entries which is why I prefer to get positioned near inflection points.

ZN is looking like a possible long here with a stop below 127’00. Early days here and it may actually just paint a LKGB before dropping lower. So have no compunctions about grabbing short positions below 127.

That’s it for now – see you guys later this afternoon.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,