Monday 21st December 2015 – Morning

Monday 21st December 2015 – Morning

Overnight the market had been pretty flat and only proceeded to turn up during the pre-market session. Taken two trades this morning the first being a support / resistance play at the 6066 level with further confluence as price had also extended past the upper trendline on a downward sloping channel and just pulled back into it that channel – unfortunately it was stopped out 10 minutes later for 20 points. The second trade was a MACD divergence trade as price spiked up beyond the 6100 level, which I closed out for 15 points.

H014. FTSE MON 21122015 AM