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.
Quiet morning – the best entry on the roster is via the E-Mini. We’re sitting right on edge of a wall that has been annoying the bulls since late February. I’m short right now but am eager to flip for a long position should we breach 2011.5. Whipsaw potential is high but it’s a good spot to get in the game. If you’re long from last week I suggest you take partial profits but hold a few lottery tickets for a run higher.
This absolutely is a day when you want to watch the Zero like a hawk. You have been briefed – don’t snooze on this one, guys!
CHF/JPY – I’m waiting for a touch of the lower 100-hour BB ~128.18. Long there with a stop below 127.7. Decent context on the daily panel as it’s near two Net-Line Sell Levels.
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Cheers,
