Anyone scalping the FTSE Futures??

[postman]

Dow movement suggests 26,000 will go today. Only 40 points above right now but not a good bounce and very early in the day to be at this level.

 

[postman]

S&P down 0.5% dow has some catching up to do.

25,700 is a likely near term target..

 

[postman]

Short dow 26,118

 

[postman]

That 100 point scramble in 20 minutes was a bit desperate, but its still going down!

 

[luckyvictor]

That 100 point scramble in 20 minutes was a bit desperate, but its still going down!

View attachment 266364

26060 is a huge magnet

 

[wallstreetwarrior87]

Still think we have at least 2 levels of sellers/shorters still in this market - so with FOMC looming, hold up and off load in 26300/350 area. Long Dow 26093

 

[wallstreetwarrior87]

My POV (from a logical standpoint) - is it easier to get traders to trade long or short when you have this offered in front of you in terms of price action? Future catalyst (fundamental?) to get you there - blah blah. The jigsaw. Watch it drop like a stone now lol.

 

[john jackson III]

I also have the 26300-350 in mind when I mentioned much earlier I'd cheer a dow higher.

 

[wallstreetwarrior87]

I also have the 26300-350 in mind when I mentioned much earlier I'd cheer a dow higher.

Lets cheer as loud as possible - all together now !!!!

 

[wallstreetwarrior87]

Price unlikely to make a rip now - still 24 hours to go - so range bound to slightly higher until then (ideally).

 

[luckyvictor]

Still think we have at least 2 levels of sellers/shorters still in this market - so with FOMC looming, hold up and off load in 26300/350 area. Long Dow 26093

How to understand 2 level of seller/shorter please

 

[john jackson III]

I also have the 26300-350 in mind when I mentioned much earlier I'd cheer a dow higher.

BTW, this would be last tuesday's HOD. As well, 8/8's, 8/9's, and 8/12's HOD too.
Go Dow!!! Needs to be tested.

 

[wallstreetwarrior87]

How to understand 2 level of seller/shorter please

Traders trading off 2 different time frames. Ie 5 minute and 10 minute both in the same direction (short) vs traders from an even bigger time frame in the opposite direction (long)

 

[wallstreetwarrior87]

A move below 26000 and back inside would only make the upside target even more desirable. Due to the above explanation.

 

[luckyvictor]

Market is not moving ...

 

[postman]

Still think we have at least 2 levels of sellers/shorters still in this market - so with FOMC looming, hold up and off load in 26300/350 area. Long Dow 26093

Its possible that the news from FOMC member after the bell will propel the market up to the levels your talking about.
Followed by a big selloff after or on the open tomorrow. 26,120 close today would help that scenario. But I'm short so not wishing for it.

 

[postman]

Quick check Donalds twitter account ....

 

[postman]

Quick check Donalds twitter account ....

No idea what caused that blip.

 

[postman]

Short dow 26,118

Stop down to 26,080

 

[postman]

Stop to 26050 guaranteed +68 now.