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24th January 2018

Todays messages discussing the markets - FTSE 100, gold, S&P 500, Dax 30, Dow Jones, or anything else really!

Todays Post here

Just got a feeling today’s the day America regains it’s senses.. 7600 on its way. Need to break that stubborn 7690 area though first

Got support at 7683, but the bulls trying to defend the 7690 level again

The only surprise is that it’s managed to absorb a 7 cent rise in sterling vs a couple of weeks ago. 12.5% up in dollar terms vs early December. Charts show bearish momentum building. As soon as SPX stops ramping everyday maybe we can have a drop

Bulls failure to break 7740 shows how weak they have become. Bears taking the fight to them now. 7683 broken so 7640 arriving in short order.

Quote from Nick on 24th January 2018, 4:20 pm

Bulls failure to break 7740 shows how weak they have become. Bears taking the fight to them now. 7683 broken so 7640 arriving in short order.

Would like to see it sell into the close then bounce.. it’s oversold on the hourly now and in this market they nearly always launch a countertrend rally for 30-40 points. Ideally that would come off 7640-50 back to 7690 pivot

Well I tell you what.... I've never seen the RSI disobeyed so much as I have with cable tday.....it was overbought on every time frame from the daily to the 5 min...and it still went up.....

Quote from anstel on 24th January 2018, 4:45 pm

Well I tell you what.... I've never seen the RSI disobeyed so much as I have with cable tday.....it was overbought on every time frame from the daily to the 5 min...and it still went up.....

What a load of bollox...

I’m out at 7660.. will wait for the bounce to sell again

Long from 7635.. oversold on all timeframes so will likely ramp 30-50 points soon