Anyone scalping the FTSE Futures??

From The Trader

Daily market outlook
10 February 2014


EUROPEAN OVERVIEW

I do not believe that the bull market in equities is over and I am treating the bounce we have seen over the last couple of sessions as being the likely resumption of the uptrend. The indices have had a healthy shakeout, which paves the way for decent gains to new record highs. If I am right, the current move is only in its early stages, so there is plenty to play for. I do have some misgivings: the upside hasn’t been as decisive as I might have wished so far. I shan’t be too choosy, though, and am willing to buy today.
Today's Market Focus
S&P strength
S&P strength

The S&P’s rally has been the best-looking of all the indices covered here. And, going by the state of the daily chart, there is plenty more upside potential. The immediate target is 1815, and in due course, the highs at 1851.

DAY: I’d buy a bounce off the 13-fourhourly EMA.

POSITION: I’d buy a bounce off the 13-fourhourly EMA.

SUPPORT RESISTANCE
1777.4 1871.1
1767.5 1851.1
1755.7 1825.1
1749.1 1814.1
 
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