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.
The spoos are pushing sideways this morning and the NQ is looking a bit more interesting right now. I’m posting both the hourly and daily panel so you get a better idea of the context here. BTW, that NLBL will expire today at the end of the session.
I trust you had a chance to review my long term Euro Perspectives this weekend – if not I strongly recommend you check it out. Here’s the hourly which has sliced through that NLSL since I took this snapshot. Not much support here until that 25-hour catches up with it near 1.2940. I do like that expanding wedge pattern however on the daily – keep an eye on it.
Platinum has been a sport and continues to observe the 100-hour SMA. If it holds we maybe good for a ride back up to 1582. Hey, that’s how I roll – I nickel and dime ’em to death 😉
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