This is just an idea! And it's only for today. If it will work - that's great, but if not, then back to the drawing board! I really want it push back below the 7445 level. I understand that certain indicators and formations are leaning towards the upside, but in this market everything can happen. I am looking for a SHORT opportunity, so the it would get back under 7445, which could lead to a nice sell off. This idea here is only for today. Will have to analyse it again next week.
So if you would like to try and play it, do it with a tight stop. Don't blame me, if it doesn't work out, because I understand it myself, that it's a bit ambitious.
Keep an eye on the price action.
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The crazy SHORT would be around 7465.
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(UPDATE 22.05.2017 - NO LONGER VALID.)
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VishalShah9
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Are you expecting election to trigger some sell off?
DariusAnucauskas
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@VishalShah9, as you probably know, the market likes to surprise everyone. I kinda tend to go by that. Sometimes even the news don't carry much weight. I don't know what's going to happen with FTSE100 after the election. No one can predict that. Everything will have to be analysed the day before. So let's wait and see =)