FTSE by the numbers, DAX on dangerous ground, today’s ratio table, levels and comment.


FTSE & DAX Ratio Table 29th March 2018



Here we have yet another spooky coincidence in the FTSE as the close in our first comment this expiry was 7042.93, then in our second 7038.97 and in this 7044.74.

That first comment was all about how crucial 7050 was and the second about 6950.

And as one can see from the table above both are still very relevant as was 6850 as the low (so far?) this expiry on Monday was 6866.94.

The zone has slipped slightly today, which makes the expiry target just that little bit closer and therefore slightly easier to reach, but there is still that pesky R2 in the way.

However, judging by the fact the auction added 15.99-points to the real time close yesterday this does somewhat suggest they are gunning for it.


Range:            6950  to  7050        or        7050  to  7100 

Activity:          Very good

Type:              On balance just fractionally bullish




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In our last comment on the DAX we called it “sedate” and said “but if it does get excitable then don’t forget it is still in a 300-point wide Y1 ratio bandwidth, and that’s just below the zone as well, so it could easily start motoring”.

And that very day it sprang to life with a 222.73-point move and has not really done any less every day since.

Back then there was a 300-point Y1 ratio bandwidth, including Y2 it went to 550-points, and that was just below the zone, but now, as one can see above, this is a whopping 800-points.

Activity suggests bullishness, but it is so one-sided one can see it is now on dangerous ground, as what precious little ratio there was has actually decreased.


Range:            11750  to 12350

Activity:          Average

Type:              Bullish



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March 29th, 2018 by