Anyone scalping the FTSE Futures??

RIO neckline 2876p Below 2876 indices will get a heap of pain, the downside projections are scary
 

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Dick Lexic said:
your target could be 4 hr channel top...bottom 20/30ish
Click to expand...

If it got there it would break the upper channel trendline on my drawing. Often seen them re-enter immediately with another powerful down move. At this stage I don't know if the prediction is for a top.


Price has dipped to 5756 and is now 5766. It missed my order. If we stay above the 150 EMA I may try to "get in" on a pullback.
 
innoz said:
how scary? come on scare the bull
Click to expand...

Between 2/8/12 and 3/8/12 the price pretty much went vertical bullish (4hr chart). Wouldn't be surprised if/when it goes further into this zone it went at the same pace downwards - like the preceding bear candle on 2/8/12 compared to the bull run on 1/8/12.

I really am disliking my prediction right now because this pullback could be a retest of the not-that-convincing HS pattern but I'm going to stick to a consistent methodology... the 5755 (imaginary) buy order. Who knows, the market could plummet on the GDP, hit it and go up.

(Anyone got a rabbit foot??)
 
US Listed RIO, head shoulders + Bear Flag (weekly chart)
 

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SP500 got to 1400 in UK Spread bet world, but FTSE did not confirm with move to 5731ish our low was 5760
 
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