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.

As the saying goes – if it ain’t broke – don’t fix it! The 25-hour seems to be holding up and we also have an hourly NLSL right on top of it. So I’ll be long above 1692 and short below with a stop a few ticks away on opposing sides.

However I find the NQ a bit more delectable as it’s being wedged between its two SMAs right now – excellent inflection point for ST trades. This also has consideration in respect to the RTV-S setup on the daily front (see prior post).

The FX front is pretty quite right now – the USD/CHF is approaching its 100-hour again and I expect resistance there. So I”m short with a stop above. Long only after about 0.9410.

Before you run off also check out Scott’s post from overnight – good stuff.

It’s not too late – learn how to consistently bank coin without news, drama, and all the 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.

Cheers,