Anyone scalping the FTSE Futures??

[medallion way]

FTSE100 has revisited the Dec18 Lows and is 2% away from bear territory, it and the IBEX are the worst-performing markets during this sell-off. Ironically the HSI is one that is holding up well considering they have a double whammy to deal with.

Has anyone got a guess for a floor on the FTSE? (it's not one of my major plays so I don't follow it much)

 

[Dentalfloss]

below 25K is potential bear trap territory
24K to 24300 is longer term trend supp

 

[Dentalfloss]

yes sir

 

[Dentalfloss]

FTSE100 has revisited the Dec18 Lows and is 2% away from bear territory, it and the IBEX are wors performing markets during this sell-off. Ironically the HSI is one that is holding up well.

Has anyone got a guess for a floor on the FTSE? (i't's not one of my masjor plays so I don't follow it much)

 

[postman]

I'm guessing the "Brexit will cause a massive drop in the FTSE" crew are rubbing their hands right now.

 

[Dentalfloss]

Might get an impulsive move upwards/end of month and poss support
not really enough ink at the bottom of the pattern..yet

 

[postman]

Thats now a 15% fall on Dow in 8 days, so we can expect a 17% rise coming.

 

[medallion way]

I'm guessing the "Brexit will cause a massive drop in the FTSE" crew are rubbing their hands right now.

Perhaps, I don't really know but guess BREXIT was the best decision you Poms ever made and will not regret it long term. In fact, I don't think the EU Common currency has much of a future and will probably become the "German Euro" with most others having their own, that will split EU into 2 economic zones... North & South and the South will gibe the finger to Brussels as the UK has done. If it wasn't for useless, bungling PM May, Uk would be a long way down the BREXIT road by now and it's market not to current levels.

 

[inzimam]

Might get an impulsive move upwards/end of month and poss support
not really enough ink at the bottom of the pattern..yet

View attachment 275258

What do you mean by this.. Ink

Do you mean you want to see more consolidation of price at the bottom?

 

[medallion way]

Thats now a 15% fall on Dow in 8 days, so we can expect a 17% rise coming.

Still dreaming of your 30k DOW are you?

 

[postman]

Still dreaming of your 30k DOW are you?

Its not a dream is a rock solid certainty!
But like all trading the key is in the timing.

 

[Dentalfloss]

25360 pivot area
buyers will want that as support

 

[Dentalfloss]

will it hold.?

 

[inzimam]

The media is expecting another do in European indices

 

[Dentalfloss]

 

[Dentalfloss]

 

[medallion way]

Its not a dream is a rock solid certainty!

I was only joking... I to have now turned net long in the US (Prior to 25th I was net short), so a 30k DOW will do me nicely, although won't see it till Jun at earliest if at all this year.

 

[inzimam]

Hmm..bulls in our just bear trap?

 

[inzimam]

Will 25100 hold?

 

[postman]

Will 25100 hold?

Will 25,000 hold.... err will 24,900 hold ... woah!