Thursday Morning Briefing
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.
The spoos were able to maintain a bid overnight and we’re now heading toward the 100-hour, which is still dropping slightly. Let her come to you – I’ll be long above 1696 and short below it.
The YM is already nibbling on its 100-hour but I’ll wait until 15510 has been breached before grabbing any longs here. It’s summer and I’m pretty sure they’ll whipsaw us around a little. Unfortunately technically there is very little to hang our hats on right now. I hate summer…
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Cheers,
