3 January 2019Published by SallyU on 3 January 2019Categories Pre-market and end of day analysis2 Jan – Early selling reverses to break new highsPre-open Scenarios The first day of trading in the new year is often seen as bullish and the ON market opened with a big gap up
3 January 2019Published by SallyU on 3 January 2019Categories UncategorisedImp-Corr structure breaks and the trend reversesThis trade is not valid anymore once a Higher Low or Lower High has formed against the trend. It then needs to traded in the opposite
18 December 2018Published by SallyU on 18 December 2018Categories UncategorisedTriangle below KL but break is UPTo trade triangles and compressions, it often necessary to take a trade straight into a KL or TL. This can feel awkward, but as long as
17 December 2018Published by SallyU on 17 December 2018Categories Pre-market and end of day analysis17 Dec – TL supporting H1 Friday’s corrective action breaks for 200ptsPre-open Scenarios Seasonal factors say that this should be positive but it just seems to be so weak, up moves simply don’t have much welly and
12 December 2018Published by SallyU on 12 December 2018Categories Pre-market and end of day analysis12 Dec – Rising wedge and fibs in control for more gainsPre-open Scenarios We got the rally yesterday. The market opened with a 97pt gap up, messed around a bit in the first hour or two but
11 December 2018Published by SallyU on 11 December 2018Categories Pre-market and end of day analysis11 Dec – Bullish as expected but gave some back later in the sessionPre-open Scenarios Now, this looks like a day to get long; ON we’ve broken the upper TL that contained the impulse move down. The lows yesterday
10 December 2018Published by SallyU on 10 December 2018Categories Pre-market and end of day analysis10 Dec – Ranging action up to RES 1 then reversal (again)Pre-open Scenarios The same question again today: will we see new lows or will we see a relief rally? Is there anything that could trigger such
10 December 2018Published by SallyU on 10 December 2018Categories UncategorisedMarried – for richer or poorer – to the idea of a bear squeezeThis has been an expensive romance. There hasn’t been a bear squeeze – not on Friday and not today. There were some nice buys, but no
7 December 2018Published by SallyU on 7 December 2018Categories Pre-market and end of day analysis7 Dec – Breif respite towards futures gap and then more sellingPre-open Scenarios Yesterday’s bar was monstrous and red. It went way beyond making a new low. With levels breaking and staying broken we are clearly in