Now Reading
Monday Morning Briefing
31

Monday Morning Briefing

by The MoleNovember 4, 2013

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.

Welcome back folks – we’ve got a busy morning today. Ivan reminded us this morning that we now have an RTV-S active for the remainder of the session. The trigger is at SPX 1752.7, so we’ll need a drop below that today. FYI – the count has just begun and if we push sideways today then we may get another trigger for tomorrow. I will keep you posted on this of course.

On the short term side the spoos are approaching the 100-hour SMA and I’m also seeing a beautiful falling diagonal which now is only a few ticks away. I’d be happily long if the ES manages to crawl above 1759. Despite my comment on the chart I actually think this is a good spot to be short here right now with a stop a few ticks higher. OR you can be conservative and be short if we fall below 1756 (as per the chart).

However, my favorite of the day is not the ES but the NQ – please step into my lair:

evil_separator

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,


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator