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Welcome to June which starts with BOE & ECB on thursday
and NFP on friday.Never give up, never surrender.
Can any of the three main scheduled news events alter
the markets ?I say ‘no’ but they could cause some rapid movement
as the news is digested.Never give up, never surrender.
My plan remains to always have a small short running
on one of the main stock markets to guard against a
sudden decline. Then day trade as per usual.Never give up, never surrender.
With expectations running high re what those clowns
at the ECB will announce on thursday. We may have
to wait for any decent downside. Plus bulls and
bears need to take extra care on thursday as it
maybe the most active day of the year so far.Never give up, never surrender.
Good call by ‘K’ re s&p on friday.
My only interest now is Ftse and how to short that
baby throughout this week.Thursday is key and maybe a flat day for me.
Never give up, never surrender.
Thanks Cim, indeed high on ES was 1924.25 followed by a low of 1913.75.
However as quick as it went down, it was “PINGED” back up by the you know who
Plan your trade, trade your plan!
The next move should down again, days lows? break days lows?
Plan your trade, trade your plan!
From this morning from the subs side.
A +3 has printed. It seems like thats an absolute minimum must for WNER.
Can it drop now?
The only resistance I have is 1925/7 Nigel as it stands.
Its the supports that are a bigger issue. Ie breaking them.
1917 first support. Then main at 1914.
Then so close band at 1910/3.
Below that it will break but support again at 1903/5.
SO unless its a dice and slice we got a tormenting time ahead even when it starts to fall.
So it got to 1924.25 and then 1914.
Even when it breaks 1914 we have to break 1910/3
So as I said, tormenting time for now
Plan your trade, trade your plan!
tormenting … definitely a good word!
Plan your trade, trade your plan!
I think the ECB expectations will limit any falls.
One day at a time.
Never give up, never surrender.
Closed Ftse shorts on this mornings dip and I do not
intend to trade again until we get the ECB news and
initial reaction.Never give up, never surrender.
What kind of June quad OE are traders expecting will
be the main ? after we get the ECB rate news etc.Never give up, never surrender.
No positions atm but I may take a long
on the Ftse if we open below 6820.Never give up, never surrender.
No positions atm but I may take a long
on the Ftse if we open below 6820.As it did not open below 6820, I passed, fwiw.
There are just too many potential patterns atm so
best to wait for ECB words etc, imho.Don’t worry if you are in the dark re major stock
markets, as you are not alone 😉Never give up, never surrender.
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