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.
No drama overnight despite the suspicious late session VIX divergence yesterday. In fact the Dow futures – weakest of the equities trifecta – has just crossed over into bullish territory (i.e. above the colliding 100-day and 25-day SMAs). So far so good.
Gold once again testing our patience but is now reaching an inflection point. As it’s been indecisive for the past few weeks it has reached a fork in the road and a decision will now be foisted upon participants. We are at the 25-day and the 100-day and as the former is rising it will have to either climb along or produce a failure. The 100-day is still falling and a drop below would be a sell signal. Long if it can hold its ground and remain above the 25-day SMA. On the hourly panel we also seeing it test the lower 100-hour Bollinger – the more reason for it to make a stand here. Let’s see what happens in the coming hours but I think this is a pretty good spot to get positioned.
Public Service Announcement:
All good things eventually come to an end and Sunday marked the final day of the CrazyIvan beta testing program. We’ve come a long way in the past two months and your input has been invaluable. CrazyIvan has become a better product thanks to all of you.
The votes are in and the four winners of our FX poll are: EUR/USD, AUDJPY, AUD/USD, and USD/JPY. Not a big surprise there except for the AUD/JPY wich made second place – and I thought I was the only one who liked it this much. As you already know we’ll also be adding the ZB futures as an additional symbol to both the CrazyIvan.30 and CrazyIvan.480 packages.
Special CrazyIvan Promo: If you sign up for either package by midnight EDT on Wednesday then I’ll add the other one for free. So if you sign up for CrazyIvan.30 I’ll add a free month of CrazyIvan.480 – and of course the reverse. Just send me an email after you signed up and I’ll take care of it.
Hope to see you on the other side.
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.