Markets are moving into expiry on a high note but it is what happens in the next couple of sessions which is important.
UK FTSE 100
FTSE is now at 5693 down 20 points. FTSE is having trouble holding 5700 but the final expiry gasp after 10h00 may sort that, briefly. We are seeing with a “flat” C wave rally but C has yet to equal the length of wave A but this is not mandatory and the current fraction is a Gann 75%. We remain 50% short via the ETF SUK2. We are also 50% long the VIX via the ETF VIXS…