May

28

FTSE, from anonymous

May 28, 2015 |

One has developed a completely irrational 'concern' about the FTSE INDEX.

The current June Futures contract has criss-crossed the 'SuperRound' number of 7000 many, many times since first closing above it on the 10th April 2015.

In the 30 trading days since it has closed above 7000 12 times and below 7000 some 18 times. It has managed to trade 1.2% above the round and 3.2% below it in the time since the first close above.

I guess it will just go up in time in line with the drift or whatever….but something is out of order somewhere…

My apologies for the purely descriptive nature of this post.


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