Monday Morning Briefing
Monday 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.
Unless you hold a bank account in Cyprus I trust you had an enjoyable weekend. After some emotional candles overnight followed by a bounce I am now seeing an almost identical pattern across the board. Let’s start off with the spoos which are heading toward their 25-hour SMA, which is still falling rapidly.
And as you may suspect – the very same pattern on the NQ. We should be at touch point near the NYSE open.
Same happening all across the Forex universe – 25-hour soon catching up with the EUR/JPY.
DX is the odd many out today – now kissing the underbelly of its 100-hour. This ought to be interesting…
Quite a bit more where that came from – please step into my lair:
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Cheers,
