Anyone scalping the FTSE Futures??

[Dentalfloss]

 

[postman]

Can you imagine a sustainable recovery with an oil price under the lows of the last 6 years. No neither can I.
No one really believes this is sustainable, but hey, lets go along for the ride with everyone else.

The combination of a commodity no one wants in a currency no one wants means the cheapest oil we have seen in GBP for a decade.

 

[Dentalfloss]

Mornin folks 😲 😲 🆗 🆗 🆗 🤪 🤪 🤪 😁😁😁

 

[Dentalfloss]

From John Mauldin

 

[Dentalfloss]

A quick look at the Dow
Gettin a tad dangerous for the bulls

 

[Dentalfloss]

Break it down into bullish and bearish sections using trendlines

 

[Dentalfloss]

Mark the initial supp/rez areas

 

[Dentalfloss]

Trend is up
looks like it could test both areas

 

[Dentalfloss]

SPX looks the same

 

[Dentalfloss]

Chart has a 2000 point range
needs plenty of vertical height

 

[Dentalfloss]

 

[Dentalfloss]

Trend is down
recoiling into rez

 

[Dentalfloss]

 

[Dentalfloss]

Tiz in support

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

 

[Dentalfloss]

 

[postman]

What we have here is an unholy combination of automated software in the markets pushing them ever higher.

1. The utter dominance of index tracker funds that drip feed the markets with the opium of constant buy orders.

2. Front running software at the exchanges that spoof prices and make the buyer pay an ever higher price for the next bid, which is just seconds away.

No one cares about fundamentals anymore if they did the PE ratios would be a fraction of what they are.
This is the end game, and you all better be ready for it.