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Wednesday Morning Briefing
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Wednesday Morning Briefing

Wednesday Morning Briefing

by The MoleMarch 6, 2013

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 NQ is now approaching its 25-hour SMA where I’m also seeing a cluster of Net-Lines – above and below. This ought to get interesting in an hour or two.

Gold is coiling up short term – there’s a clear lower diagonal support line and that 100-hour is now acting as resistance from above. You know my motto – you can run but you can’t hide. Things should come at a tipping point in the coming hours as well.

There you have it – two charts to look forward to – let me throw a few more into the mix:

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About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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