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Ftse 6850 short entry triggered earlier.
I must say this slow grind up is a bit bear flagish and
may fit with another drop friday – monday, which
does sound like “K”‘s quad OE master class post 😉Never give up, never surrender.
Set Ftse short ( 6850 ) to b/e and removed other entry orders, fwiw.
Looks weak, should go down, friday and monday will answer the ? but
until we know, I do not trust this market at all.Never give up, never surrender.
US markets may want to retest the lod of 5th June
and it would be good if the Ftse did aswell.It maybe a multi market sandline to tell if this
drop stateside is roll over / quad OE games
or that a real CIT / top is already in.Never give up, never surrender.
Ftse 6770-6780 is still the bear / bull sandine, imho.
Time to think about some World Cup footy 🙂
Never give up, never surrender.
Dow 16700 … you can bet some want to close shorts
and some want to open longs. What a traffic jam we
make of big round numbers 😉Never give up, never surrender.
Watching the Ftse and Dax levels today of circa 5th June to
see if that causes a bounce.Also watching the US to see if yesterdays lod holds today.
No rush to trade because IF these do hold, we could yet
see another wave up to new highs, into quad OE or even
the big Bradley date on 7th July. Trust me, we do not
want to get this wrong !Never give up, never surrender.
English summer is here so I will be out a lot today.
The only thing I know for sure is come the close, I will be flat,
as a weekend, held to hostage by events, is no way to relax.Never give up, never surrender.
For Dow s&p Dax – if you look at your charts you see that the
lods of both the 4th and 5th of June are potential support.Ftse is different as there is a rising channel aswell as the
lod of 5th June to be considered potential support.Goodluck.
Never give up, never surrender.
Ftse has atleast four levels of potential support
from 6800 to 6770 and each would ring a very
different bell if hit, imho.Break all and it’s another pattern which is not
covered by that 30pt range.See you all on monday, richer or wiser perhaps.
Never give up, never surrender.
Well Ftse and Dax have gone below what could have been
a support zone and that increases the risk that we see
the US markets go lower than yesterday, imho.I would think today and monday would give answers to
the type of drop we are seeing.I have taken my Ftse short profit and will not trade
again until after this weekend.Never give up, never surrender.
Small long on Ftse at 6760 with the idea we could
see a pre FMOC / quad OE low today, with exact
timing unknown, I will take a punt now, fwiw.Never give up, never surrender.
Today we have the first of three days that we have mentioned recently.
FMOC 18th June
Quad OE 20th June
Major Bradley 7th July
If this market is to top and turn lower there is no better window
for it to happen, imho.In an ideal world we top soon and then run down into the third
major Bradley date in November, the first was in early January.Never give up, never surrender.
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