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.
Our NQ campaign on the daily was stopped out overnight as our 1R stop was touched. But things are looking interesting on the short term panel:
It’s testing the 25-hour again which as of late has provided support. I would be long again above that previously breached NLSL – trigger above 3,599.5. Put your stop a healthy distance below that 25-hour SMA.
Crude also looking good near dual support – I want to be long here and my stop is below 103.25.
More below the fold for my intrepid subs:
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.