Anyone scalping the FTSE Futures??

That CUP pattern is still valid....unless breaks down below 15940. Now, again I can see the signature congestion on top.... gonna burst any time... but when?
 
When's that doomsday news due, jessi? Somewhere around 17th wasn't it? I want to put a note on my calendar to stay in bed all day :)

17th is really a bad day, watch out (+-2 days)... chances are bad news over the weekend

but that sounds like temporary effect...

I was checking calendar and the following are due on 16th (Sunday)

JPY - Prelim GDP q/q
JPY - Prelim GDP Price Index y/y
CNY - Foreign Direct Investment ytd/y
JPY - Revised Industrial Production m/m
 
ok, Now I see kind of grim picture. The signature congestion I was talking about, can be seen in the chart below... the green box. The first one was reversal and congestion lasted about three days.

Today was first day of current congestion and can last 2-3 days. Long congestion at swing top can be reversal or can also be big move up.

Now if it takes 2-3 days or more then that coincides with 17th Feb... If breaks up then goes close to 28th Feb , so in any case time is running out...

I will be reducing my long positions in next two days..

Small signature congestion shown in red box.

2z6scuh.jpg
 
The Cold Winter Morning....


Wife texts husband on a cold winter's morning..."Windows frozen, won't open."


Husband texts back..."Gently pour some lukewarm water over it."


Wife texts back 5 minutes later..."Computer really screwed up now."
 
Top