Anyone scalping the FTSE Futures??

jungerns

Active member
Dec 30, 2011
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From the floor on Wall Street
Institutional money came into the Dow today.
Funds expected to keep buying before reporting season in 2 weeks.
Certainly looks the case. Dow up overnight nearly 50 points at 0600 today..........

My big sell off certainly didn't occur as I predicted yesterday afternoon so interested in where we go today and Friday. Nice Profits nonetheless.......

Morning all
 

zorbas

Active member
Aug 22, 2012
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Certainly looks the case. Dow up overnight nearly 50 points at 0600 today..........

My big sell off certainly didn't occur as I predicted yesterday afternoon so interested in where we go today and Friday. Nice Profits nonetheless.......

Morning all
Morning Jungerns and All.

Well done with your shorts.

I'll try to build a position the next days if we get lucky.
 

SuddenDeath

Well-known member
Jan 15, 2002
14,064
143
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SP500 92% bearish
Dow 72% bearish
FTSE 66% bearish

this means only fake news or short covering can cause the market to raise
 

SuddenDeath

Well-known member
Jan 15, 2002
14,064
143
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Tim Haefke derived pivots for FTSE

dec sp500 5763/25
Spy 5758

So 5763/58 after that 5725 (5725 = 5700 on FTSE futures)

u can use sp500 dec as a guide, 1427.75 then 1418.25
 
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jungerns

Active member
Dec 30, 2011
824
21
28
Tim Haefke derived pivots for FTSE

E-mini 5763/25
Spy 5758

So 5763/58 after that 5725 (5725 = 5700 on FTSE futures)

u can use e-mini dec as a guide, 1427.75 then 1418.25
Out of interest SD the Correlation of the instruments I'm looking at are shouting Long......
Am not following them, and think we may see a Stall around 08.15 and an opportunity to Short again.
Wait and see scenario......
 

hereward the wake

Well-known member
Aug 10, 2008
3,154
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Spot on for Pickard

"How far do the markets need to come off in order to give them a decent springboard to advance? I would regard a retreat to the 21-day exponential moving averages as perfectly adequate. A slightly deeper retreat to the 55-day EMA would be better still"
 

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SuddenDeath

Well-known member
Jan 15, 2002
14,064
143
123
SP500 92% bearish
Dow 72% bearish
FTSE 66% bearish

this means only fake news or short covering can cause the market to raise
Out of interest SD the Correlation of the instruments I'm looking at are shouting Long......
Am not following them, and think we may see a Stall around 08.15 and an opportunity to Short again.
Wait and see scenario......
have we exhausted the sellers? markets are bearish, only the risk off areas of market showing strength, today we do have weak dollar and flight out of 10yr us. big short positions provide natural demand if markets can be tweaked into forcing them to cover. also there is the political angle, election in first week of Nov they do not want dow down 5/10% Obama needs all the help he can get. fake news and spin, get the shorts scared and covering.

the markets are way below buy/sell pivots , means very technically damaged but possible room to do oversold rebound. the last time FTSE crossed a pivot was the sell pivot 5850

on daily chart ftse should be bought if it crosses 5792