Around the horn with major indices and currencies… Like SPX, most are at a threshold where they must either break down or break out (I think “break down,” but we’ll know soon enough.) Coming up: VIX, RUT, COMP, NYA, NDX, DJIA, FTSE, SPX, DX, EURUSD, USDJPY, AUDUSD, CL, GC, SI. And, yes, I’m happy … continue reading →
Tag Archives: FTSE
Since our last post, UKX did reach our 590.04 Bat Pattern target, slightly exceeding it and an important fan line from October 2007 by 3.22 before dropping 3.2% since the middle of September. But, the correction is likely over — for now. Why? Like US equities indices, the FTSE has been in a long-term channel … continue reading →
If you found yourself scratching your head today, you’re not alone. SPX finally shed a couple of points — the first loss in seven forgettable sessions. VIX reacted by selling off by 1.04. Huh? DX followed suit, settling 0.18 after being down as much as .66 from Friday’s high. Come again? I wrote about VIX … continue reading →
I haven’t traditionally followed the FTSE-100, having found plenty of ways to lose money in markets closer to home over the years. But, at the urging of several members who have promised to go easy on me as I get up to speed, I’ve been taking a crack at it. I trade and chart on … continue reading →
We’re getting dangerously close to our downside target range of 1295-1323, first discussed back in April. 1349.42 — .886 of the purple Butterfly (tagged) 1343.41 — 1.272 of the yellow Crab pattern (tagged) 1340.03 — horizontal support, prev. Point X (tagged) 1323.85 — 1.618 of yellow Crab (next) 1317.63 — 1.272 of purple Butterfly 1289.14 … continue reading →
ORIGINAL POST: In response to several requests from readers across the pond, I’m taking a crack at the FTSE 100. For some reason, Think or Swim (my trading platform) doesn’t quote the FTSE itself, but does the FTSE 100 mini — 1/10 of FTSE’s value — that goes by the symbol UKX. UKX had retraced … continue reading →