FTSE Rollover today’s ratio levels, table and comment

FTSE Aug to Sept 2017 Rollover 16th August 2017

For the FTSE it appears to have made it to the rollover today in its NZ, so with hours to go it looks like being a textbook expiry.

Of course one can’t rule anything out but we can’t see any shocks coming from the US so it is in the best position it could be.

The real question is perhaps when today is over whether it has been a case of every effort being made to get it back to its zone for today so when this prop is removed how hard will it be for the market to hold on to these levels?

Range:            7350  to  7450

Activity:          Moderate

Type:               Bullish

Being the actual rollover today this means the first look at FTSE September has been delayed by a couple of days so therefore we are a bit surprised the zones have not dovetailed already.

However after today we would fully anticipate them both being 7350-7450 which would change the complexion here considerably.

Furthermore we must point out that September is the third triple of the year and as such it is also generally the second largest expiry, so we very much doubt R1 will have even nearly the degree of influence it did in August.

Range:          7350  to  7450

Activity:        Very poor

Type:             On balance only just bullish