Anyone scalping the FTSE Futures??

[SuddenDeath]

price action after 3 months after may highs, 20years

 

[Talbs!]

the 0. zero line is the May high and price action is the following month in relation to the may high

past 20 years

Looks like a yours then ! this double top at 6487 is the real key here i feel !

 

[SuddenDeath]

Looks like a yours then ! this double top at 6487 is the real key here i feel !

yep, think it shows the upside from May high is limited, guessing there is probably some option spread u can use to take advantage of this

this needs more work

 

[Talbs!]

S&P trading at 1600 at the moment, coudl this be as high as we get today ? Excluding the FED

 

[SuddenDeath]

S&P trading at 1600 at the moment, could this be as high as we get today ? Excluding the FED

so maybe sideways until 7pm fomc ?

someone must have done a study of SP500 price action on FOMC days.

 

[SuddenDeath]

this is FTSE in relation to May highs the percentage is the swings in relation to previous months range, to get some proportionality over a 29 year period, seems if we can peek above May high 6501 then cataclysm is averted

 

[Talbs!]

so maybe sideways until 7pm fomc ?

someone must have done a study of SP500 price action on FOMC days.

Think we have a pop to 1600 on cash open, will get some profit taking ahead of the fed , then wait to see what they say which i dont think will be any different to the last few months

 

[Dick Lexic]

this is FTSE in relation to May highs the percentage is the swings in relation to previous months range, to get some proportionality over a 29 year period, seems if we can peek above May high 6501 then cataclysm is averted

sd can u run it on downside %

 

[SuddenDeath]

sd can u run it on downside %

yep everything is in the chart.

the zero line axis running left to right is the May high. the left axis showing percentage is the current month movement divided by the range of previous month, had to do this since 29 years ago FTSE was like below 1000, gave the chart some proportionality, so as long as down swing from may high is less than 50% of may range, we should be ok, so 6358 is may high minus 50% of may range, but I am guessing we take out May high since we are so close. and 1600 seems a clear target for the crowd must be lots of orders at and above there to be hit

ps. it appears someone has shot the Dax with a tranquillizer dart, currently +6

 

[bustech]

yep everything is in the chart.

ps. it appears someone has shot the Dax with a tranquillizer dart, currently +6

DAX is closed.
German labor day holiday.

 

[SuddenDeath]

DAX is closed.
German labor day holiday.

I knew that, (i am lying)

 

[SuddenDeath]

EURUSD spiking nicely, weak dollar should help US indices.

 

[Dick Lexic]

that's why it wouldn't drop yesterday...they were all at the sunbeds with their towels

 

[Talbs!]

haha this is it ! Can beat a eurusd stop hunt ahead of Fed, no volume so the algos can do as they please .

 

[ads57]

haha this is it ! Can beat a eurusd stop hunt ahead of Fed, no volume so the algos can do as they please .

The last time it traded at 1.32 it was back to 1.30 the following day.That would have been a nice short !

 

[SuddenDeath]

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Tackling junk calls - e-petitions

 

[ads57]

US Indices fall on worse than expected ADP Non-Farm Employment Change. Surely that is good for the market as it means more/prolonged QE

 

[Talbs!]

US Indices fall on worse than expected ADP Non-Farm Employment Change. Surely that is good for the market as it means more/prolonged QE

Normally the way of it, until someone decides (algos) that its time to sell then it will go !

 

[SuddenDeath]

SPY and Russell weak below sell pivots

dow retest of yesterdays 734 low?

hope u are still short Talbs

 

[Talbs!]

thanks SD

US looks weak FTSE not following suit yet, still holding my short there, question is will the market do a U turn like yesterday ahead of the FOMC