Anyone scalping the FTSE Futures??

Constantly amazed at the way the markets do an about face from an apocalyptic rout!

So is today an end of quarter bounce to make portfolios look a little better, a little short covering perhaps?

...will this continue or do we short from higher levels?
 
Dont think this Dax run will last - the S&P isnt following.
The US has some unfinished business on the downside today.
 
The problem with the S&P is it could be testing 1920 area, a hold for Q/M possible

1876 is still the critical line to the downside imo
 
European markets have opened up, reflecting the good performance of the Asian markets and the stabilization of the price of raw materials during the session in that region, however this can be a technical reaction to accumulated losses in recent days. The initial rise should be led by the most penalized sectors in recent days, as the industrial, mining and automobile. The Chinese government halved the tax on small cars. This measure benefits more local brands than European automakers. Today will be the closing quarter, a period that is seasonally favorable to equity markets. To change investor sentiment will be necessary that this recovery will extend for a few days and be accompanied by high volume. The trading volume in index or stock is an excellent barometer of the conviction of the buyers at a time when the market is in an upward movement. Using the DAX as a sample of European markets (despite the case of Volkswagen), only if this index overcome 9750/9790 (preferably with volume) is that it may be considered a sustainable recovery.
 

Attachments

  • 71.png
    71.png
    4 KB · Views: 797
  • 59.png
    59.png
    4.5 KB · Views: 799
Top