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.
For a change equities are what’s grabbing most of my attention this morning. The NQ is tickling its 100-hour SMA – also note the rising 25-hour approaching from below – we should see them correlate shortly after the open of the NYSE. Like last week I do like the Net-Lines accompanying the respective SMAs.
The spoos are a bit more dense – as you can see the 25-hour will catch up with the 100-hour SMA in an hour or two. It will also cross an hourly NLSL perfectly positioned at the nexus near 1551.25. Which as of now will be our new inflection point for the coming session. Below it I want to be short – above the 1556.25 NLBL I would want to be long. Very small range with big implications – that’s the way we like it 🙂
It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.
Please login or subscribe here to see the remainder of this post.
Cheers,
