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Monday Morning Briefing
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Monday Morning Briefing

Monday Morning Briefing

by The MoleApril 6, 2015

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.

2015-04-06_spoos_briefing

Boy, we have a ton of excellent ST setups waiting in the bullpen this morning – so let’s dive right in. The context on the spoos is fairly juicy here – observe the bounce off the lower 100-hour BB on Sunday night and as of now the tape is busy drawing in participants before a big move.

2015-04-06_NQ_briefing

However I wouldn’t trade the S&P futures this morning, instead I’m looking at being long the NQ above the NLBL near 4280 and short below the (already expired) NLSL at 4266.25.

2015-04-06_YM_briefing

Alternatively or in combination the YM also has good ST context – trigger and stop levels are 17560 and 17511.

2015-04-06_EURUSD_briefing

The EUR/USD looks like it wants to pop higher and I’m planning a trip to the ATM right after finishing this post. Long here already with a stop below 1.0983. I hate this trade but have got to take it 😉

Alright – we’re all warmed up now? Plenty more waiting below the fold:

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So did I promise too much? GREAT setups today? It’s good to be back, especially when the tape throws such juicy setups at us. See you guys later this afternoon.

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.
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