MAGNETIC Trading Report - 9 April 2014

IF the 12pm binary is at 18 or below to buy before 8am this is also an option today [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 8 April 2014

The FTSE pushed through 6638 yesterday and the index stays bearish below this level.  We saw 6600 after hours and this level is likely to be tested again this morning [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 7 April 2014

Friday's closing gap did not fill which we avoided trading so the real low in the mark on Friday was 6659. If we open below here (6659) we have a bearish signal today [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 4 April 2014

The FTSE remains bearish below 6680 however we have  NFP news today's so the MEDIUM TERM FORECAST will turn back to neutral. I am not sure if the pull back ended at 6638 yesterday  [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 3 April 2014

I mentioned yesterday that 6680 was a key level of resistance in this market. This has currently capped the over night action. Whilst we avoid an end of day close above here (6680) I am expecting a brief pull back [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 2 April 2014

Major resistance lies at 6680 today and we could see a negative reaction first time round if we trade to this level [Signup For Mark's Trading Plan] 

MAGNETIC Trading Report - 1 April 2014

A great sell off into the close yesterday for the FTSE which filled the gap eventually at 6615 and then led to further selling into the close. All linked to traders and funds booking profits and squaring off positions for the quarter end.  The binary FTSE to finish down trade offered superb Risk/Reward.

Today we have the first trading day of the month and often we see the reverse price action come in  [Signup For Mark's Trading Plan]