Wednesday 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.
I’m running a bit behind due to some coding/refactoring duties earlier this morning. Thus in the interest of relevance ahead of the NYSE open I’ll provide these charts with minimal commentary. The spoos are now trading above both their short term SMAs – definite attempt to paint a floor here. Let’s see if buyers can push this thing toward 1600.
AUD/NZD reverted back to its 100-hour SMA – good inflection point.
Copper kissing both ST SMAs now – time to pick a side now.
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