Setups Galore Tuesday Morning Briefing
Setups Galore Tuesday 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 spoos have advanced higher overnight and perhaps this ship has sailed. However IF (and only if) we see a retest of 1852.5 then I would be long here with a stop below 1850.
However the NQ looks good right here and now – I’m long with a stop below 3654. Yes, a bit speculative – only playing 1/2R.
VERY nice potential reversal pattern developing on copper – still a bit young but the risk is pretty contained. You can play 1/2R with a generous stop below the diagonal.
Event risk on all GBP and CAD related pairs today – so watch your butt in the coming hours (the times are in EDT).
But we’re only getting warmed up – quite a bit more waiting below the fold…
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Cheers,
