Anyone scalping the FTSE Futures??

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It always fascinates me how, after a news release that moves the market, price eventually gravitates back to where it was when the news came out. Sometimes its 15 minutes, sometimes 4 hours.
 
The 10 o'clock Rule: In the first 30 minutes of the US market open, EITHER the high OR the low for the day will have been hit.

If the high gets hit and the market immediately drops down to the earlier low, then it is highly likely that the decline will continue.

In my experience this happens 4 days out of 5 that the high OR low is set in the first 30 minutes.

To day is a classic example of this rule in action.
 
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