Did you spot the turning point in the markets?

Did you spot the turning point in the markets? Mark Austin Trading UK's Premier Online FTSE Subscription   Good morning Below find an educational research report from my FTSE service sent to my subscribers yesterday. Everyone was bullish yesterday but tiny cracks appeared in the price action from the previous day which gave us a very good indication to JUST sell the market yesterday. The MFS service is not just about dishing you out trades to follow its also there to give you the right information and right trading plan so you can develop your own trading. Top traders need the right information to work off. I am here to assist with that. Also before I sent this report I received feedback from one of my mentorship students. He is now wanting to help and teach his own friends to trade after successfully developing his own trading via the programme. With the right guidance and skill set you can achieve your goals easier than you think.   3rd March While I'm here - I'd thought you'd like to know that I'm really enjoying my Trading - it has all come together thanks to your excellent mentoring which, I rave about and is why I've had the above approach. I've had so many good trades recently - from FTSE 11:30 retracements - as you know - to - a stunning DAX expiry - end of month DOW 7:30 for 30 pips and the DAX first of the month for 25pips and a lovely FTSE reversal off 6970 for 20 - I'm floating ..... and not a swimming pool in sight! Very best regards to you and all the gang, Jeremy Norris     for more info on the mentorship programme click below: MFS 2015 MENTORSHIP PROGRAMME   EDUCATIONAL RESEARCH REPORT SENT 7.40AM UK TIME 3RD MARCH Good morning The FTSE pushed up to our sell level at 6970-80 yesterday and then fell away producing a negative outside day which is when the market makes a new high and low when compared to the previous day and closed lower. If also closed below 6950 which was resistance last week. Everyone is bullish right now but we have to pay attention to the fine details within the price. Today the FTSE is marketed up higher and near 6950 which is a 50% retracement of yesterdays move and back at this key resistance level (6950). Today if the FTSE struggles above 6950 and then breaks below 6913 we can conclude a top is in. If the FTSE is strong after the 8am open and makes a then high above 6974 then it will weaken the case for a small correction down to 6810. For now given the reaction yesterday which we expected things seem to running according to plan... TODAYS TRADES I like the gap at 6940 and we can sell for this if we get a spike above 6950 after the open. stop 15 pips from the 8am open price what ever that is. Target 6941. 2% risk (not valid if we hit 6942 first after the open) A 5 min bar break down and below 6950 is ok to target bar length. Stop is 2 pips the other side of the bar. Just be a little careful as the ATR is very low right now. Non official Reversal signals between 6950/60 are also good to short for 7-10 pips. Stop 5 pip above the days high what ever that maybe be... MEDIUM TERM FORECAST - A MOVE TO 6810 WHILST WE AVOID AND END OF DAY CLOSE ABOVE 7010 For more info on the mentorship programme click below: http://www.markaustintrading.com/p/summit2015.html All the best, Mark Austin