FTSE fixated with R2 and all change at the DAX, today’s levels and comment.


The FTSE tested R2 first thing, getting as high as 7756.11, before retreating almost the entire way down to the other end of our trading range, bottoming out at 7716.21.

After that the day was effectively done with it trading unchanged until the auction, where it put on almost 8-points so it would be perfectly poised for another attempt today.

There haven’t been any changes in the ratios, which is somewhat surprising considering the level of activity, but there has been a significant move.

This is at 7650, and although it doesn’t appear in the above table, it looks certain that 7600-7700 will be the next NZ.


Range:            7700  to  7750 

Activity:          Average

Type:              On balance just fractionally bullish



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The large activity continues in the DAX, and rather confusing it is as well because it actually comes in below Wednesday’s level, but only because of a degree of netting off.

Anyway, over the course of the last two days this has totally changed the ratio landscape, and so it would be wise to treat this as a new beginning, with new levels not to mention a new NZ.

All hardly surprising when the large positions of Wednesday were reversed and then some, by a considerable way, with a new large one added, and in just plain numbers to the tune of 31% of the entirety of this expiry in just 2 days, rather impressive really.


Range:            13250  to  13450

Activity:          Very strong

Type:              Bearish



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January 11th, 2018 by