Anyone scalping the FTSE Futures??

those fake breakouts just keep getting sold off
5 min dow cash

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The European Indexes consolidate after yesterday’s strong recovery . The Central Bank of Switzerland (SNB) used to prevent the CHF to appreciate in order to protect the competitiveness of Swiss exports . To achieve this objective, the SNB sold CHF and bought Euros in the foreign exchange market. However, this strategy has become expensive and did not catch the influx of foreign capital to the country, which constituted a buying pressure on the CHF. If the ECB implement a quantitative easing program, the selling pressure on the euro would be increased, forcing the Swiss central bank for increased efforts to prevent the appreciation of their currency, with little chance of success. In deciding to abandon this objective there has been a strong appreciation of the CHF, which immediately penalized Swiss equities as investors anticipate the negative impact on the competitiveness and profitability of Swiss companies. After the initial negative reaction, the European markets achieved sharp gains, motivated by the prospect of an increase of EU exports to Switzerland. Switzerland is the second largest destination for European exports after the US and ahead of China. The present moment is particularly delicate and turbulent, since next week we will have the meeting of the ECB (Thursday) and the Greek elections (Sunday). Today will be published the final reading of inflation in the Euro Zone in December. Economists estimate that the price level has decreased 0,20%, reinforcing deflation spectrum and increasing the pressure on the ECB.
 
dow 5 min
long to res then short
as we said the last few days...the rallies are fakes
each move up must be supported

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