{"id":1116,"date":"2019-08-01T23:16:46","date_gmt":"2019-08-01T22:16:46","guid":{"rendered":"http:\/\/www.trendsandtargets.com\/?p=1116"},"modified":"2019-08-02T08:08:24","modified_gmt":"2019-08-02T07:08:24","slug":"ftse-for-2-08-2019","status":"publish","type":"post","link":"http:\/\/www.trendsandtargets.com\/index.php\/2019\/08\/01\/ftse-for-2-08-2019\/","title":{"rendered":"FTSE for 2\/08\/2019"},"content":{"rendered":"\n

#DAX #SP500 <\/strong>We’re now in that horrible time of year, when some idiot says “how many shopping days left until ….” whereas for traders, it’s “how many market sessions until I stop pulling my hair out!”. While the markets are always mad, this year exhibits a new type of insane, one neatly shown on Thursday 1st August.<\/p>\n\n\n\n

Our beef came from market movements once the FTSE \nclosed for the day. We’d given trigger levels for the US markets, all of which \nmanaged to be exceeded in the period before 6.30pm. Quite literally, triggers \nwere exceeded briefly by a couple of points, then it felt like someone hit the \npause button. News from the USA which proved perfectly capable of trashing the \nFutures left an unpleasant taste as it almost felt like the markets deliberately \nexceeded logical trigger levels, thus capturing a bunch of orders prior to a \nplunge. It begs the question, isn’t this called “entrapment” in legal terms?<\/p>\n\n\n\n

It can be assumed we were not amused; writing \n“shambles” so many times in our Prior Results column was not enjoyable.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n

This particular article is supposed to be about “The \nFTSE for Friday” but we’re a little perplexed at what the future holds. At time \nof writing, FTSE FUTURES are trading around 7490 points whereas the FTSE closed \nthe session at 7581 points. <\/p>\n\n\n\n

Will the FTSE, therefore, open nearly a 100 points \ndown?<\/p>\n\n\n\n

If there any point in writing “Movement now below 7535 \n(the opening second spike down on the 1st) looks capable of an initial 7486 \npoints.” After all, FTSE Futures have already reached such a level whereas the \nFTSE itself has not. The real problem for the FTSE starts, if 7486 breaks as \nfurther reversal down to 7323 points looks valid. However, there is a pretty \nfair chance the market shall experience a short lived bounce around 7425, due to \nthe presence of the prior downtrend.<\/p>\n\n\n\n

We suspect the market will probably make its way down \nto the 7486 level and perhaps bounce a little. If this is the case, movement to \nan initial 7540 shall make some sense. If exceeded, secondary is at 7558 points. \nShould this level be bettered (remembering, we are speculating on a FTSE bounce \nfrom a level the market has not even dropped to yet!) there is a more than fair \nchance the drop has been an over-reaction to whatever Mr Trump did.<\/p>\n\n\n\n

Curiously, any reach down to 7323 will tend suggest a \ncoming donk against the RED uptrend, one which should generate a reasonable \nrebound.<\/p>\n\n\n\n

\"\"\/<\/figure>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n\n
\n\t

Time Issued<\/font><\/TD>

\n\t

Market<\/font><\/TD>

\n\t

Price At Issue<\/font><\/TD>

\n\t

Short Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Long Entry<\/font><\/TD>

\n\t

Fast Exit<\/font><\/TD>

\n\t

Slow Exit<\/font><\/TD>

\n\t

Stop<\/font><\/TD>

\n\t

Prior<\/font><\/TD> <\/TR>\nFUTURES<\/font><\/a>

\n\t

9:43:34PM<\/font><\/TD>

\n\t

BRENT<\/font><\/TD>

\n\t

61.05<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

9:46:16PM<\/font><\/TD>

\n\t

GOLD<\/font><\/TD>

\n\t

1444.71<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:50:33PM<\/font><\/TD>

\n\t

FTSE<\/font><\/TD>

\n\t

7503.69<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

9:53:27PM<\/font><\/TD>

\n\t

FRANCE<\/font><\/TD>

\n\t

5474.2<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

9:57:51PM<\/font><\/TD>

\n\t

GERMANY<\/font><\/TD>

\n\t

12073.45<\/font><\/TD>

\n\t

12031<\/font><\/TD>

\n\t

11992<\/font><\/TD>

\n\t

11856<\/font><\/TD>

\n\t

12120<\/font><\/TD>

\n\t

12120<\/font><\/TD>

\n\t

12141.5<\/font><\/TD>

\n\t

12178<\/font><\/TD>

\n\t

12058<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:01:51PM<\/font><\/TD>

\n\t

US500<\/font><\/TD>

\n\t

2948.62<\/font><\/TD>

\n\t

2944<\/font><\/TD>

\n\t

2938<\/font><\/TD>

\n\t

2908<\/font><\/TD>

\n\t

2985<\/font><\/TD>

\n\t

2977<\/font><\/TD>

\n\t

2993.75<\/font><\/TD>

\n\t

3001<\/font><\/TD>

\n\t

2949<\/font><\/TD>

\n\t

Shambles<\/font><\/TD> <\/TR>\n

\n\t

10:04:47PM<\/font><\/TD>

\n\t

DOW<\/font><\/TD>

\n\t

26546<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

Success<\/font><\/TD> <\/TR>\n

\n\t

10:07:10PM<\/font><\/TD>

\n\t

NASDAQ<\/font><\/TD>

\n\t

7780.62<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n

\n\t

10:14:50PM<\/font><\/TD>

\n\t

JAPAN<\/font><\/TD>

\n\t

21028<\/font><\/TD>

 <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD>  <\/TD> \n\t

‘cess<\/font><\/TD> <\/TR>\n\n<\/TABLE>\n\n

1\/08\/2019 FTSE Closed at 7584 points. Change of -0.03%. Total value traded through LSE was: \u00a3 6,525,168,165 a change of -9.28%<\/h>\n","protected":false},"excerpt":{"rendered":"

#DAX #SP500 We’re now in that horrible time of year, when some idiot says “how many shopping days left until ….” whereas for traders, it’s “how many market sessions until I stop pulling my hair out!”. While the markets are always mad, this year exhibits a new type of insane, one neatly shown on Thursday … <\/p>\n

Continue reading “FTSE for 2\/08\/2019”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1116","post","type-post","status-publish","format-standard","hentry","category-trendsandtargets"],"_links":{"self":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1116","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/comments?post=1116"}],"version-history":[{"count":1,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1116\/revisions"}],"predecessor-version":[{"id":1117,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/posts\/1116\/revisions\/1117"}],"wp:attachment":[{"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/media?parent=1116"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/categories?post=1116"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.trendsandtargets.com\/index.php\/wp-json\/wp\/v2\/tags?post=1116"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}