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16th November 2017

Today's market discussion.

Today's post https://www.hilsdentrading.com/might-bullish-today-7370-support-learn-trade-market-analysis

Been a decent bounce across the board overnight. Can the bulls build on the 7370 support area?

Nice daily hammer on dax and other markets looking for a good bounce off support. Of course FTSE different but 250 is playing along OK.

As usual gold recoils from 1290 and USD put in a good hammer yesterday which should help dax.

FTSE has become a specialist market for scalpers looking for half a point.

Will add to 250 longs on finding support above 19800.

Decent bounce to sell into today. Low 7300s is where I'd look to get long. Most indices still making lower highs and lows

Am long FTSE at 7369. Want a rise to 7400, 7420, 7440. Then it can tank 🙂

Outside chance of 7465

Well the 250 is going well today and just added to longs there.

FTSE remains a total basketcase.

Quote from Candlemaster on 16th November 2017, 1:59 pm

Well the 250 is going well today and just added to longs there.

FTSE remains a total basketcase.

You do realise what that means right. Mid caps is where the buying interest is and the main index will tank sooner or later

Quote from Candlemaster on 16th November 2017, 1:59 pm

Well the 250 is going well today and just added to longs there.

FTSE remains a total basketcase.

You keep going on about some 250, what is it?

FTSE 250 Jack, the one below the FTSE 100

Just closed that FTSE long at 7390 from 7369

Did well yanking 20 points out of that today.

Quote from Jack 2 on 16th November 2017, 2:55 pm
Quote from Candlemaster on 16th November 2017, 1:59 pm

Well the 250 is going well today and just added to longs there.

FTSE remains a total basketcase.

You keep going on about some 250, what is it?

Aa, I never heard of it, but now it makes sense, thank you.