20th October 2017
We actually got a bit of a drop yesterday with a sell off first thing, but it was very much blink and you’ll miss it as the bulls piled back in. Was a bit unfortunate that the FTSE 100 bounced at 7484 and missed the long order at 7475 though. There was no real reason for the drop, which started on the Hong Kong markets near the end of their session. Needed a slight change of plan though as the initial longs got stopped so flipping to shorts then buying it back up from lower worked quite well, though needed to be nimble. Overnight the markets have risen further, with the SP hitting 2574 out of hour, and the FTSE possibly seeing today as the day to break 7565. We also have option expiry today, so expect volatility on the FTSE 100 at 10:10 this morning, usually lasts 10 minutes and if it spikes up its something that can be shorted. It’s a quick trade so follow in the live rooms to play the expiry spike.
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