Fundamental disruptions continue today, this time in the form of a risk transfer back onto stocks but I have a feeling this could just be temporary. With stocks being grossly oversold, there are some bargains in the short intraday term. This, with some aggressive profit taking in the form of liquidations from short contracts, have lifted stock prices in the short term. However with more horror stories of the Coronavirus I can see further sell offs in the near future.
Despite all this, there were still some excellent technical Dom trades from all our instruments.
We had another exceptional day with a maximum potential of 1.310 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 131 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
FTSE 100
