Anyone scalping the FTSE Futures??

postman said:
s&p has gone into mental mode again.
Not even the dow wants to chase it.
Click to expand...

Just think that 2750 is a blatant stop zone, so any push in this area should attract enough follow through to try for 2770/75, then at this zone the batton will then be passed to the players on the next level up in the pecking order, and the fate will be in their hands. At this point all the buyers at current levels will have used all their resources, hence direction will be out of their hands/destiny.
 
wallstreetwarrior87 said:
Just think that 2750 is a blatant stop zone, so any push in this area should attract enough follow through to try for 2770/75, then at this zone the batton will then be passed to the players on the next level up in the pecking order, and the fate will be in their hands. At this point all the buyers at current levels will have used all their resources, hence direction will be out of their hands/destiny.
Click to expand...

Waiting for 2732 to get out of my s&p position.
 
kalott said:
DAX 240 min

seems to be ready to break out of the consolidation?

maybe we can get some trending next week?

i wait for the (confirmed) break, no guessing this time;)
Click to expand...

Next week will be interesting, this pattern could well be a feeder play, bringing in break out buyers long, leaving them exposed to be violated when we fall back due to no one else jumping on board on mass.
 
wallstreetwarrior87 said:
Next week will be interesting, this pattern could well be a feeder play, bringing in break out buyers long, leaving them exposed to be violated when we fall back due to no one else jumping on board on mass.
Click to expand...

breakout from triangles is hard to predict, first break could be false?

and if these guys still shorting?

https://www.cnbc.com/2018/02/15/hedge-fund-bridgewater-makes-22-bln-bet-against-european-firms.html

https://www.bloomberg.com/view/articles/2017-12-11/a-hedge-fund-giant-found-lots-of-value-in-failure

the triangle could very well be a right shoulder in a head and shoulder formation on a daily chart?

the smaller the better for the bears, because if everyone else sees it and take a sell position then it probably will be a failure?
 
Last Friday US market traded bullishly, though on a weekly basis it was headed for losses. Hewlett-Packard shares rose about 10 percent after having reported quarterly results and future prospects that pleased investors. In terms of the debt market, 10-year TO yields, which peaked at the beginning of the week in the last 4 years, were now down to around 2,875%.
 
wallstreetwarrior87 said:
Just think that 2750 is a blatant stop zone, so any push in this area should attract enough follow through to try for 2770/75, then at this zone the batton will then be passed to the players on the next level up in the pecking order, and the fate will be in their hands. At this point all the buyers at current levels will have used all their resources, hence direction will be out of their hands/destiny.
Click to expand...

S&P has got to 2768 so far, but will wait to see if there is a tad more buying up here in this break out zone, failure to hold these levels could mean a swift reversal back downside.
 
wallstreetwarrior87 said:
S&P has got to 2768 so far, but will wait to see if there is a tad more buying up here in this break out zone, failure to hold these levels could mean a swift reversal back downside.
Click to expand...

1st downside level would be 2730, if this only offers a opportunistic bounce then we roll through 2680 into 2640 level, then buyers will really have to overcome doubt as to whether they will buy with any conviction.
 
wallstreetwarrior87 said:
S&P has got to 2768 so far, but will wait to see if there is a tad more buying up here in this break out zone, failure to hold these levels could mean a swift reversal back downside.
Click to expand...

Nearly there - a nice push into 75 would be ideal to see what the feeling is about the price level, already had heavy selling at the open, so this would be the test of conviction - hold or fold :-0
 
S&P currently at 79 (8.20pm UK).

Still a touch too much buying on the push from 7.48pm. Will be watching for a probe of 80 to see if this offers anything.

Buying still in control currently.
 
In the macroeconomic context, the day was marked by the presence of ECB President Mario Draghi in the European Parliament. In his first dialogue this year with MEPs, and about a week away from the next monetary policy meeting, the ECB President said that the ECB should remain persistent and patient in attributing stimulus to the economy, even in the face of current momentum which makes the Central Bank more confident in terms of prospects for inflation levels. In fact, Draghi argued that inflation remains dependent on monetary stimuli. In addition, Mario Draghi mentioned that ECB measures have placed the Eurozone economy on a “solid growth path, driven by domestic endogenous dynamics and therefore more resilient to a potential slowdown in global demand.” However, he added that “inflation has to show more convincing signs of a sustained path of adjustment.”
 
psaTrading said:
In the macroeconomic context, the day was marked by the presence of ECB President Mario Draghi in the European Parliament. In his first dialogue this year with MEPs, and about a week away from the next monetary policy meeting, the ECB President said that the ECB should remain persistent and patient in attributing stimulus to the economy, even in the face of current momentum which makes the Central Bank more confident in terms of prospects for inflation levels. In fact, Draghi argued that inflation remains dependent on monetary stimuli. In addition, Mario Draghi mentioned that ECB measures have placed the Eurozone economy on a “solid growth path, driven by domestic endogenous dynamics and therefore more resilient to a potential slowdown in global demand.” However, he added that “inflation has to show more convincing signs of a sustained path of adjustment.”
Click to expand...

So whats the play PSA?

Nice rhyme to it :D

But seriously, based on your post what are you looking for trade wise?
 
The indexes are still in consolidation. A breakout from this consolidation zone will set in motion and a trend for the weeks, until then we may expect to sell the highs and buy the lows.
 
kalott said:
breakout from triangles is hard to predict, first break could be false?

and if these guys still shorting?

https://www.cnbc.com/2018/02/15/hedge-fund-bridgewater-makes-22-bln-bet-against-european-firms.html

https://www.bloomberg.com/view/articles/2017-12-11/a-hedge-fund-giant-found-lots-of-value-in-failure

the triangle could very well be a right shoulder in a head and shoulder formation on a daily chart?

the smaller the better for the bears, because if everyone else sees it and take a sell position then it probably will be a failure?
Click to expand...

make or break?
 

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wallstreetwarrior87 said:
Still too strong into the the close, give it time to get used to this price area, see whats on the cards tomorrow.
Click to expand...

Stayed in the 80 zone overnight, so buying still has the upper hand, next clue will be a break out to see what the big boys do with the liquidity.

May do a little downside dive at the open, which will be a short term buy trade. Wait for the levels.(y)
 
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