DislikedIf it were "big guys", they would not have failed. It was a purposeful push up or upthrust because of buyers coming into the market minutes before the FTSE was supposed to open, based on speculation that BoE/BoJ would step in. Buy stops were trigger on the way up, but the "big guys" sold into it. That what they do - smart money sells into strength, and buys on weakness - they're always trying to stay ahead.
There's not guarantee that more central bank buying will occur, although they did announce and state they would. But no one knows when,...Ignored
I just wonder who are trading against the G-7. they are really strong enough to fight G-7.
if nobody dares to fight G-7, then we will see a straight up move without any retracement!!