Let us concentrate more on price action rather than trying to figure out where markets are heading.
I thought the whole idea of trading is to follow the trend which is an indication of direction.
Let us concentrate more on price action rather than trying to figure out where markets are heading.
morning bustech, morning everyone
got ftse pivots at
buy/sell
6282/78
sp500 june needs to reach 1551 to show it has strength to break downtrend, currently 1545.7
Target hit, SP500 June at 1551, need to see it go higher into the 1560's, looking to short again. End of the US financial year this friday, should see a sell off.
morning
FTSE also peeked above the buy pivot 6282
Markets struggling to push higher from these levels. Lets see what happens when the DOW opens in 4hrs time. I want one final push up before the sell in May brigade come in full swing.
baroness margaret thatcher has died today, very sad day
morning all, pivot at 6300/296
Morning SD
Strong buying in the ASX and Hong Kong.
Alcoa result helped push the futures higher after the bell.
FTSE div only 0.5 today at the close.
morning folks...