Gold & FTSE ( March)

Gold has hit the LMLP of the black & red mod Schiff ML's below. It has bounced as one usually sees but if it returns to the LMLP i would sell it on a break lower through this line or if price reaches the RL from which the initial recent fall started
€$ is making pivot swings on the LMLP and will break down and go lower as per previous post




















I very rarely trade stock index futures (3 e-minis in 2010)but chart them all but only in high TF's. This afternoon i have reviewed all possible indicator information and my E-signal manually drawn RL charts and have gone short 1 March FTSE @5965.50 at the intersection of two big time frame reaction lines. My first objective is 5930 where i will take 50% profits. Stop was 5976 (now at B/E) which would be a break up through the RL. (see below)