Anyone scalping the FTSE Futures??

counter_violent said:
Lets look at the evidence.

We have Price and Time breaks across the board. Starkest example being Nas. (blue boxes)
We have Price and Time breaks and Island reversal patterns on Dow and S+P (magenta lines)

However, we have a wide range to the RHS where prices can piss about playing for time.

View attachment 284014
Click to expand...
Screenshot_9.png
 
In terms of the EU Summit, it remains unclear whether it will reach a final agreement on the Recovery & Resilience Fund, though at a minimum it should make some progress to resolving some of the differences above all on the balance of grants vs loans, and the distribution and conditionalities, above all the thorny and complex issue of whether decisions will have to be unanimous or a qualified majority, the latter will inevitably be seen as precedent setting, and thus be the most contentious issue to resolve. As a rule of thumb, the more headlines of individual countries briefing the media that emerge during today, the less likely it is that an agreement will be reached, and vice versa. As noted yesterday, 'the EU and Eurozone’s modus operandi remains in desperate need of reform, and as many have observed, if this recovery programme is not agreed, the future of both has to be in serious doubt. Just as importantly, time is of the essence, every week and month that passes without this being implemented will make the road to recovery that much longer, and do a lot of damage to most countries, and raises the likely volume of business failures and with that lost jobs.'

From Marc Ostwald
 
Dentalfloss said:
In terms of the EU Summit, it remains unclear whether it will reach a final agreement on the Recovery & Resilience Fund, though at a minimum it should make some progress to resolving some of the differences above all on the balance of grants vs loans, and the distribution and conditionalities, above all the thorny and complex issue of whether decisions will have to be unanimous or a qualified majority, the latter will inevitably be seen as precedent setting, and thus be the most contentious issue to resolve. As a rule of thumb, the more headlines of individual countries briefing the media that emerge during today, the less likely it is that an agreement will be reached, and vice versa. As noted yesterday, 'the EU and Eurozone’s modus operandi remains in desperate need of reform, and as many have observed, if this recovery programme is not agreed, the future of both has to be in serious doubt. Just as importantly, time is of the essence, every week and month that passes without this being implemented will make the road to recovery that much longer, and do a lot of damage to most countries, and raises the likely volume of business failures and with that lost jobs.'

From Marc Ostwald
Click to expand...

We can add quite a bit more to that.

Commercial property declining values. (pension funds holding the bag here alongside banks)
Changing working conditions. (more working from home, less need for small businesses in city centers)
Housing mortgage delinquencies. (delayed effect here as govt along with banks offered 3 month payment holidays etc)
Brexit effects later in the year. (loss of revenue stream to the EU)
Every country less into Globalism and more into protectionism.
Energy consumption and loss of travel.
 
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