Tuesday Morning Briefing
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 E-Mini has been clinging to the 25-hour SMA but is currently pushing toward a NLSL slightly below. I would want to be short if it drops below – long if it recovers the SMA.
Similar idea on the NQ – that 25-hour needs to hold to finally push us out of this dreaded sideways churn zone.
On the FX side it’s all about the Yen today. USD/JPY now above its 100-hour SMA and if that NLSL at 95.005 holds up I want to be long.
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Cheers,
