Anyone scalping the FTSE Futures??

The US economy expanded at a slower pace than expected in the fourth quarter with the slowdown in corporate investment. A fall in government spending and a trade deficit growing took shine to greater gains in consumer spending over the past nine years. Gross domestic product grew at an annualized rate of 2.6%, after a 5% gain in the third quarter, which was the highest level since 2003. The estimate of economists pointed to 3%. Although the American economy is the most dynamic among the main economic regions of the world, some factors have weighed on US actions. One such factor is the strength of the dollar which reduces the competitiveness of US companies as well as the amount of revenue they generate in foreign markets. The companies in the SP500 have a very broad geographic exposure, making them sensitive to this factor. The second factor has to do with monetary policy. Although the FED proves “patient” (in the words of the central bank itself) in relation to rising interest rates, investors know that the trend is for monetary policy to be less accommodating in future. This trend contrasts with that observed in other economic areas such as Japan and Europe. Perhaps this is the most important factor to the extent that monetary policy the Fed was the main catalyst for the bull market started in 2009.
 
DAX has become nasty now... there seems to be no consensus In the market ... DAX developing widening angles which is nasty for trading...
 
update to our dow"fakers "chart posted yesterday morning
same chart input
the fakeout is yellow breakout column
you can see that the bulls did not want to carry any long positions over the weekend
sooner or later tere is capitulation
price is at orizontal supp for the close
downtrend still intact..not quite oversold as yet
2v1t002.gif
 
Dow 5 min over thursday and friday
we can see the breakout , a fake out of 17300 pivot area green
followed by 2 other fakes/yellow/above the column
note how the pivot area held as some support and finally broke near the close on friday
bearish price action..uneless bulls get going
1z569sj.gif
 
any bullish calls for next week will have to have the breakout with a pullback to support followed by another breakout..no support=a fake
 
a nice chart of S&P 500 index
price peaked at 1st december
to most..price looks rangebound
but to p/f chartists..slightly different
we had 4 fake moves/upwards/yellow marks on "X'columns
these were sold off to green supp area
a possibility is that the bulls capitulate and the supp goes....4 fake upmoves would put most people off
need a break of supp and the supp to act as res on the bounce

4tn192.gif
 
You must log in or register to reply here.

Similar threads

O
Scalping
Replies
7
Views
4K
roberk
R
O
Futures scalping
Replies
10
Views
4K
neil
neil
D
Pivot Point Scalping on the ES
Replies
7
Views
7K
dancorcal
D
S
Scalping the Dow
2 3 4
Replies
67
Views
19K
Dave1971
D
O
Futures micro trading (scalping)
Replies
1
Views
3K
SuperDriveGuy
S
Top