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Closed both shorts on that spike down, 6975
Top trading !
Looks like the algos have gone after the round number stops
on Ftse 7000 and Dax 10400 which can be circa 30pts below.Never give up, never surrender.
Long Dow 18026 … attempting a treble … 50pts min.
As before when it’s there bank it as this market will
not hang around waiting for slow traders.Got 25 before the run back … have to see right into
the US close to see exactly how markets are set.Never give up, never surrender.
Lots of eyeballs on this US (support or not) zone Dow 18k & spx 2120
Never give up, never surrender.
Lots of eyeballs on this US (support or not) zone Dow 18k & spx 2120
Algos have gone after the stops below the above numbers a la euroland.
I think regaining Dow 18k & spx 2120 is more important than regaining
either Ftse 7000 or Dax 10400 from a general sentiment point of view.If none can be regained and held this week then it’s goodnight Charlie !
Never give up, never surrender.
It is possible the US stocks are s2l and so
a late rally into the close is on the cards.No analysis ‘looks’ to work in the way it
did pre qe and algos but it is possible
that euroland is s2l which my support
the late US rally odds of s2l.As always take great care.
Never give up, never surrender.
closed 80% of my shorts this morning. would ideally like a rally for 3-6 trading days and an opportunity to reload . one possibility is a retrace all the way back to 2160/70 , which would then set up something more interesting
baaa, I know some have a US rally into OE then down
which would kinda fit with your analysis.Never give up, never surrender.
Dow circa 18150 is a sandline which is now
resistance and hence a level to watch so
we can judge if this rally is false or
dead cat etc.Friday and monday action should be fun.
Never give up, never surrender.
“In Detroit about 66% of residents have debt in collections — meaning
more than 180 days past due — at a median amount of $1,847.Across the U.S., 35% of Americans have debt in collections.”
That is the real world outside of QE inflated stock markets.
Cycles tend to return to the median and the odds must be
that the stock market falls as it would take a much
larger effort to lift household finances, imho.Never give up, never surrender.
Small short Ftse 7032
Small short Dow 18155
Ftse I will run into next week.
Dow I would take 18100 today.
I have priced in a hold for both over this weekend, if required.
That’s me done, have a great weekend.
Never give up, never surrender.
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