Tuesday 29th December 2015 – Morning
Normal trading resumed after the Christmas holiday period and I expected the market to push up this morning given the overnight strength. We had a quick dip to support at the open before the FTSE shot up towards the 6300 level.
However, I ended up shorting the market following the MACD divergence as shown in the chart, and closed out for a couple of points as the market reversed off support following the hammer bar formation. The other two trades were textbook trades off key support and resistance levels.