FTSE: Another short-covering bounce for stocks?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    At the time of this writing on Friday morning, equities were witnessing some rare green price action in a rather quiet session. The major indices here were up around 1 to 1.5 per cent and US index futures pointed to a firmer start on Wall Street. Compared to the recent sharp falls, today’s bounce represents a mere drop in the ocean. We are not out of the woods just yet as like the previous occasions this may well prove to be just a short-covering bounce, but it is a welcome relief nonetheless.

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