Anyone scalping the FTSE Futures??

[samirs]

What to Expect on Quadruple Witching Day

Summary:

The Day of expiration has been historically positive with average returns of 0.30%, 0.33% and 0.13% for the Dow, S&P 500 and NASDAQ respectively
On the week after, the indexes have historically seen declines with average losses of -1.03%, -1.10% and -1.24% for the Dow, S&P 500 and NASDAQ respectively

 

[SuddenDeath]

oh dear - i forgot about that 😆

i seem to remember that during expiry they try to push market to where the biggest open interest is, today that was 16,600 calls at 5825

 

[bustech]

Is the FED policy hurting the UK economy .
i.e stopping foreign investment and hurting UK exports.
And would the BOE fire back against the FED, like Japan.
Increasing tariffs against US company imports is being talked about in Asia.

 

[et.]

On my interpretation of Elliot waves, we've had couple of 61%+ pullbacks, now we're in a 23-38% wave 4 or zig-zag. Yesterday's pullback was just a shade before 61% retrace from last range low. Maybe we'll reach 61% this time.

This Elliot wave is visible up to the hour chart, which would suggest we are now at a bearish zig-zag in wave 3.

It's not impossible that we could be going down even more... my 6221 prediction may be on hold for a while.

 

[et.]

Is the 38% Fib line going to hold? If it does and we stay above 5842 at 1pm then the hour chart will look like its had its Wave 4.

EW not visible at 2hr chart (wave 2 61% pullback cannot be seen).

Of course, it might just blast all the way up and confound me.

As for low, on day chart we have opposing tails at 5822. That's been a sign of S/R level before.

 

[bustech]

Song for D with H being away.
Enyoy the weekend everyone.
No weekend data, same again on Monday after US session🙂.

The xx - Angels - YouTube

 

[SuddenDeath]

cya monday enjoy your weekend Bustech

 

[et.]

1 hour EW has had its Wave 4.

If it is a truncated Wave 5 it doesn't have to reach a new low. Otherwise 5822 looks good, or anywhere below 5836.

Large divergence between Dow (+40) and FTSE (-20).

 

[samirs]

Someday Thousands Of People Will Wake Up And Realize They Once Waited Hours On Line To Get A New Phone

 

[SuddenDeath]

FTSE bounced off the buy pivot 8442 three times

 

[SuddenDeath]

Someday Thousands Of People Will Wake Up And Realize They Once Waited Hours On Line To Get A New Phone

Samirs i think those people are being paid as a publicity stunt.

 

[Dick Lexic]

Song for D with H being away.
Enyoy the weekend everyone.
No weekend data, same again on Monday after US session🙂.

The xx - Angels - YouTube

nice song bus..almost fell asleep😴

 

[Dick Lexic]

ftse seems completely out of sync with the other indices?

 

[SuddenDeath]

FTSE is lagging SPY

SPY +0.5%

 

[SuddenDeath]

i see why parachutes are not selling in this market, VIX 13.95

whats the time window for US quad witching?

 

[Dick Lexic]

ftse v everyone else

 

[SuddenDeath]

ftse v everyone else

FTSE has been devastated by option expiry jiggery pokery

 

[barjon]

ftse v everyone else

it beginning to catch up - pair's doing ok now

 

[SuddenDeath]

ftse v everyone else

Dow closed at 5 year highs and nasdaq closed at 12 year highs, they have a stealth bull market, they climbed a wall of worry.

If any of the spreadbetting companies had an honest quote for VIX it would be worth going long.

all markets well above their buy pivots indicating deep technical strength

 

[Dick Lexic]

diverging from dow since 14th i think