FTSE Ratio Table Update.

FTSE Ratio Table

Nb. This should be our last comment here, however, we never calculated the last rollover for the FTSE, at least not that we published, so there is nothing to compare.

Therefore, this is our previous ratio calculation, again not published, but hence also the reason why there is no comment.

Range:            

Activity:          

Type:  

The fact there has been no change in the ratios is not a surprise, it is a triple after all, so it takes a lot to shift them.

Furthermore, this is more representative of a triple, with no Y ratio, which just highlights how strange the US indices are at present.

Nevertheless, it is a fantastic way to highlight the impact of the ratios and the corresponding dynamic delta, as, so far, it is just all about the price action at or around the unchanged ratio levels.

First up, day one, 18th Feb, and the FTSE intraday high was 7242.09.

Significantly, it hasn’t gone there again, so, expiry high so far as well.

The top of the zone at 7150 was the next significant level, for the remainder of last week, with three intraday day lows finding support there.

Tuesday this week, 26th, the close was 7151.12, or strike 5 by now.

Yesterday, 28th, the intraday low was 7041.03 (bottom boundary).

So, just take a note of where the ratios are and watch the market interact upon encounter, simple.

Range:          7050  to  7150

Activity:        Very very poor

Type:            Bullish

March 1st, 2019 by