Tuesday 5th January 2016 – Morning
The FTSE managed to recover during the after hours session forming a double bottom on the hourly chart, and was trading up as far as the 6160 level overnight. At the open it was a similar scenario to yesterday with a sharp fall at the open. I managed to get in a small scalp as the market pulled back to the 20EMA and closed out at the overnight support level. Just taken a counter-trend trade off the 6100 level which really needs to turn up from here. If it falls back I may just cut this trade early.