Wednesday Morning Briefing
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.
Quite a drop since last night – the spoos are descending lower and are a bagel throw away from the still rising 100-hour SMA. No good entry here just yet – limbo territory on a short term basis. I would not get positioned until we either touch 1743.5 (the NLBL) or the SMA at 1735 (as of right now). If it’s the NLBL I am only interested in a long breach. On the SMA I may play a long as well but would flip for a short if we don’t bounce back immediately.
The pickings are quite a lot better on the NQ right now – great setup – please step into my lair:
It's not too late - learn how to consistently trade without worrying about the news, the clickbait, the daily drama and 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.
Please login or subscribe here to see the remainder of this post.
Cheers,
