Anyone scalping the FTSE Futures??

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Updated

 

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trends marked

 

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buyers need to pop 28600

 

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They need to get 28600 as supp on pullback

 

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lets see if it pullsback
stops very tight now

 

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stopped out..excellent run

 

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gettin a tad messy now

 

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Updated

 

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will it pop.?

 

[ffsear]

Big few days coming up for the dow..

 

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Will it get bought.?

 

[medallion way]

The average of all markets is now below the close of 2019 i.e. all of Jan gains have evaporated in 2 trading days... Asia is not factored into the calculation as all, except JP, are closed and will remain closed most of this week. It is anticipated that both China and the HSI will re-open at least 7% down. In the scheme of things, the dip is really no more than a dip, at least another 5% is needed to call it a noticeable sell-off. I don't think we will get the -5% this time around but we might see it towards the end of the quarter. For now, I got my sight on a 28,093 DOW to do some buying.

 

[medallion way]

Is the virus what caused the current sell-off? It was the trigger but not the cause although it could become a cause later. A 3,000 S&P is likely before a year-end 3,500 figure is seen (If there is no shock with the Nov elections)

This CNBS clip puts things in perspective:-
https://www.cnbc.com/video/2020/01/27/stocks-tumble-as-coronavirus-fears-continue-to-spread.html