Anyone scalping the FTSE Futures??

Morning SD

Mght be another range bound day.

yesterday ftse cash range was 39pts

VIX is/near multi month lows, complacency, lowest close for more than a year, a sell signal, also indices are technically bearish since can barely move much above buy pivots
 
FTSE div a lot smaller this week, forecast for 11.7 points at close of business for Tuesday.
 
hanging man?....could just be a test of 130ish? testing bottom up july30/aug7 top down since aug 8.....i have 13129 as a fib level but i don't usually look at the dow

i wonder if there is an auto candle analyser on web, it will tell us
 
i wonder if there is an auto candle analyser on web, it will tell us

Here is a quote from Barjon a few days ago about hanging man

Quote:
Originally Posted by hereward the wake
.........................Reversal...........
Not necessarily. The theory is that a lower opening traps the "late" longs from the day before which causes downward pressure as they liquidate. That pressure accelerates successively as the longs that brought the price up from the bottom the day before liquidate in turn.



We haven't had that initial "trigger" of the lower open today.

Need to see it on the directly tradeable futures really.


Also the tail is not long enough imo .... HTW
 
Here is a quote from Barjon a few days ago about hanging man

Quote:
Originally Posted by hereward the wake
.........................Reversal...........
Not necessarily. The theory is that a lower opening traps the "late" longs from the day before which causes downward pressure as they liquidate. That pressure accelerates successively as the longs that brought the price up from the bottom the day before liquidate in turn.



We haven't had that initial "trigger" of the lower open today.

Need to see it on the directly tradeable futures really.


Also the tail is not long enough imo .... HTW

thanks htw great quote.
 
Adx divergence breached
 

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