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.
Not much to report this morning – the spoos have touched the upper boundary of our current trading range and unless you took that opportunity to get short I recommend you stay out.
If you’re into wheat – it’s looking like a decent long here and I grabbed about 1/4R. If you decide to jump in here bring a bag of patience as this may take its merry time to play out. However those BBs on the hourly are getting mighty compressed, so let’s see what happens here today.
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.
Cheers,
