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FTSE 100 (FTSE)

Real-time derived
Currency in GBP
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7,952.32
+20.34(+0.26%)
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FTSE 100 Forum Discussions

the 1HR MA 50....was flat trying to turn suggesting a possible pullback...but it changed its mind atm it looks as if its not going to make any cross and still shows support strength for sure @480....so we are in one of those positions atm.....I personally would love to short a 560-580 break out with a decent amount of confidence that I wasn't going to get on the wrong side of the action......on the other hand the DOW could be one big bull trap and considering all the economic factors could make a dive....its got strong support levels on the DOW back to 34250 area.....i just feel in my bones the price support stays strong until the DOW really tests that area 35000 ish and then we may see a pullback of some kind....but the main thing is on price action alone there is no signals in my view that suggests to short and hold as a swing (of course unless you are happy to sit it out, or are scalping for 10-20 pips etc)...the timings IMO are not right atm for that trade, I think there just maybe a better entry higher up the board (if im wrong then hey ho)...so ill keep plucking my day pips.
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