Good News Everybody!
Good News Everybody!
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’m happy to report that the daily spoos is now sporting a brand spanking new NLBL at 1770 – nice round number. Which means we are currently trading mere ticks below a buy level. And until that is breached it affords us some very nice short entries with minimal risk. Of course the odds for a drop lower here are rather minimal which puts this setup into the low probability / high payoff category. After 1770 we have an official long signal with a stop below.
Equally nice setup on the NQ but we actually have some short term context you may enjoy:
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Cheers,