Anyone scalping the FTSE Futures??

Markets will punnish US Gov for not meeting again tonight.
About the one time NEWS actually affects markets maybe.
 
They're trying to keep it above 14800 to close. God knows what it will do overnight.
 
£390 in the tin before bedtime.
 

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In my view the DJIA correction ended today with the expected low 14726 holding firm, the 100+ point rally shows that I was right about institutional buying, therefore in my opinion the 14775/800 will be defended now on until 14957 is reached which is target 1 for this pattern.

So if I were a DJIA trader which I'm not, I would now be a dip buyer from now on for a run at 14957 over next few days.

As you know I bought the DJIA today at 14728, but I'm a short term trader and I'm not really a DJIA trader.


On the other hand....I could be totally wrong :whistling

14775/800 defended as thought...DJIA is in dip buying mode in my opinion for 14957 target.
 

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No, I'm talking movements for the next few days and weeks.

But I also doubt that it will move back below 14800 now the bottom is in place on this pattern in the short term as well. The pattern would need to hold the 14775 level to stay intact, so there is a little room.

Never ignore the higher time frames...

DJIA Daily chart
 

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