Anyone scalping the FTSE Futures??

postman said:
I was doing the stats for the s&p competition (still open to anyone :cheesy: )
http://www.trade2win.com/boards/ind...ekly-competition-2016-prizes.html#post2679010

Anyway the S&P went below the previous weeks Low on Wednesday and then dropped but stayed above on Friday. I think that pattern is done. 1872 wont be broken today (IMO) and so the Dow low should still be intact.

But hey if it were that simple we'd all be rich!
Click to expand...

patterns are like magnets targets are set in stone sometimes granite the DOW needs 16042 just to stay in the game
 
With closed Asian markets, oil prices should capture the attention, and the trading volume should be more restrained. In terms of consolidation movements, the French retailer Casino has agreed to sell a majority stake in the Thai operator of supermarket Big C Supercenter by 3,100 M €, excluding debt to the Thai TCC Group. On the other hand, the Air France KLM said passenger traffic grew 3.20% in January, while the traffic loads decreased 6.40%.
 
Good run south on indices.
I think more to come until the end of this week (8600 for DAX ?), than a continuation of the long term trend up, possibly starting next Monday.
216 pips so far achieved by DAX, so some pull-back on cards.
China has a week long New Year holiday.
 
Ftse down 150 points in 2 hours, shes got to go back up at least 100 given recent moves.
Madness.
 
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