Thursday 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.
Great configuration on the equity futures trifecta this morning. It seems after a little bounce off the volume chasm at ES 1607.25 (and a little dip through it to scare the children) we are now back at the 25-hour SMA. I think this is where the battle will be fought (again) today. Thus far it’s been holding up famously…
Ditto on the NQ – it’s kissing it right now and a decision has to be made.
Here’s the YM – exactly the same setup and it’s happening right near the psychologically important 15k mark. Everything is aligned perfectly this morning – exciting!! 🙂
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