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.
Plenty of activity this morning – great start to a new week. The spoos are pinned to the 25-hour and currently below a NLSL. Great inflection point and I would not be long until 1611.25.
The NQ is looking a lot more congested and my long trigger would be above 2944.25 – wow we’re approaching the 3k mark! Short below the 25-hour SMA – fluid situation here so watch it.
Completing our trifecta, the YM is looking very similar and may just dip below that SMA in the coming hour. Two more hours to go before it expires and of course that SMA still continues to rise.
Crude looking similar to what we are seeing on the equities side. A dip through 95.91 puts me into spring shorts.
Bonds – the ZB facing its own 25-hour from below plus that NLBL is still good for another hour.
Plenty more where that came from – please step into my lair:
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Cheers,
