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 E-Mini continues to accumulate short term context but I would still not rule out another retest of the previous upper diagonal (~ES 2106). However, that said – this break out thus far has no meat in it and it’s do or die time here. The NQ is the most bullish index right now with the Dow also lagging behind.
The USD/CHF keeps teasing us and after a little fake out spike higher we’re back near previous lows where we’ve accumulated a stack of daily NLSL. So my mission is clear – long near 0.952 with a stop below 0.9493. Below that I’m going to be short with a stop above today’s 0.952.
More short term setups are waiting below the fold – please grab your secret decoder ring and meet me in the lair:
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.
You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.