FTSE and DAX today’s ratio levels, table and comment


FTSE and DAX Ratio Table 10th Nov 2017


And right on time everything starts getting exciting for the rollover.

For the FTSE perhaps not so much as having failed to hold above its zone as soon as it was back inside the bottom boundary was beckoning.

The fact it only got as low as 7476.89 does not show any great desire to do so and we suspect that given the option it would prefer to stay inside and avoid the test if it can.

However, the closing low so far for this expiry is 7447.21 with the auction only adding 2.45-points, but close enough, and it was Y2 then as well underneath.


Range:            7450  to  7550 

Activity:          Very poor

Type:              Bearish



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Well if the DAX had any doubt as to what ratio might be in their way then there is not anymore.

Actually, our surprise is that it was only 200-points, so for us that is still exhibiting remarkable constraint.

There are a couple of aspects to watch out for and the first is the possible move in the NZ, and it is very surprising that it hasn’t already done so, and this may act as a buffer just like the move in the SPX’s helped there.

Secondly activity has remained low which suggests lack of involvement which can limit distances.


Range:            13050  to  13650

Activity:          Very poor

Type:              On balance not bearish


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November 10th, 2017 by