(UKX) FTSE 100

Closed this short at 8.21 nice

Vix taking off now

Hulk

Risk Off As ECB Says Rumor Is Actually Not Fact

ECB NOT YET DECIDED ON WHETHER TO CONTRIBUTE TO GREEK DEBT RESTRUCTURING - EURO ZONE SOURCES

Usual opportunity, usual drop, usual outcome.......

FTSE

Five down and three up after opening on 1 min.
The five down took out two possible subwave supports on one provider and three on another.
Three up completed before hitting the post opening High.

14 min RSI had H&S shape, whilst on 16 min there was a falling conjoined Mm.( Both patterns cutting down through the key RSI 70 level on IG 24 hour data.)

Combined probability was assessed at > 25%, so went Short using 5915 as the "brick wall" with SL just above.

Phased in, first on close encounter on Price and second chunk on Ms forming on RSI.

Total cost was ~ 20 pts.

I see an Impulsive five down to ~ 5877 then standard Fib retracement zone hit.

Maybe this is the one......

Cheers theory

Oh well, maybe the 15 minute four point drop on the S&P500 was the 'correction' that everyone has been waiting for. F*^"+'g joke, ain't it!!