Anyone scalping the FTSE Futures??

[john jackson III]

What timeframe are you looking at?

pull up the hourly on DOW, S&P and NAS...put them side by side..

tell me which one is the laggard?

 

[Dentalfloss]

 

[vaughanv]

pull up the hourly on DOW, S&P and NAS...put them side by side..

tell me which one is the laggard?

Without looking at those charts I can you it is the one with less influence from AAPL, AMZN, MSFT, GOOGL and FB.

 

[john jackson III]

The 10 o'clock Rule: In the first 30 minutes of the US market open, EITHER the high OR the low for the day will have been hit.

If the high gets hit and the market immediately drops down to the earlier low, then it is highly likely that the decline will continue.

In my experience this happens 4 days out of 5 that the high OR low is set in the first 30 minutes.

To day is a classic example of this rule in action.

i bought a weathered old book about that strategy for $600. (yes, i bought at top of the market lol)i'll have to dig it out...and read it again.

a famous author, maybe you know who?

 

[john jackson III]

Without looking at those charts I can you it is the one with less influence from AAPL, AMZN, MSFT, GOOGL and FB.

who cares, the NAS can afford the hiccup here

 

[john jackson III]

the shorts are about to get squezzed...to over 900

 

[vaughanv]

the shorts are about to get squezzed...to over 900

Yep, it would be unpatriotic for the market to fall on the day before 4th July. Big rally at the end of the day is almost predictable. I've been long SPX (3139) since the half hour. Target 3152.

 

[Dentalfloss]

 

[john jackson III]

Yep, it would be unpatriotic for the market to fall on the day before 4th July. Big rally at the end of the day is almost predictable. I've been long SPX (3139) since the half hour. Target 3152.

its not your usual week, yes. i think you have to factor that into your TA

the NAS can't take another hit under +100 here..

that wouldn't be too good..upwards and onwards

 

[vaughanv]

its not your usual week, yes. i think you have to factor that into your TA

the NAS can't take another hit under +100 here..

that wouldn't be too good..upwards and onwards

Lunchtime doldrums beckons, however in recent months there have been raids over lunchtime, usually taking prices higher.

My long tripped the profit-keeper at 3144.

 

[john jackson III]

add L YM @ 793

 

[john jackson III]

825 basis..trgt +900

 

[john jackson III]

NAS is back over +100, nice quick dip but no worry

 

[vaughanv]

I'm long the SPX at 3143, stop at 3140 target 3152, again. We'll get there. depending on the strength of the up move I might shift the target higher.

 

[john jackson III]

we HAVE to test 880!

and, once that breaks blue sky

 

[vaughanv]

oh, stopped out. What do we have here? Choppy lunchtime?

 

[john jackson III]

oh, stopped out. What do we have here? Choppy lunchtime?

NAS still +100

and, its going to stay +100 today
put those 3 hourly charts side by side

 

[john jackson III]

everone is waiting on 26K again.they'll see it

 

[john jackson III]

today, and half tommorow is all about this right here

 

[john jackson III]

you want to short here, be my guest