Market Overview: DAX 40 Futures DAX futures moved sideways last week with a bull doji closing above the 20-Week MA. The bears have been unable to get follow-through for many months and have been scalping out at the MA. This leg has the best chance of a small leg sideways to down. But the best […]
FTSE 100 50 Percent Pullback at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market reached a 50 percent pullback last week after two big sell climax weeks. We went sideways with buyers below at the 100-Week MA and sellers up at the 20-week MA. Its not a great buy nor sell signal – but probably better to be short than long […]
DAX 40 Pause at 20-Bar Moving Average
Market Overview: DAX 40 Futures DAX futures moved down to the 15000 Big Round Number last week. We closed as a pause at 20-bar Moving Average. It is a test of the breakout point, and judging by the tail on the bar, there were many bulls happy to buy here and lower for one more […]
FTSE 100 Bear Surprise, Follow through at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved down strongly last week with a FTSE 100 bear surprise bar. It was a follow-through from the week before and pausing at the 100-Week MA. The bulls see a 50% pullback after a tight bull channel but we are back in the trading range. The bears […]
DAX 40 Tight Trading Range and Possible Final Flag
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar in the middle of the prior week’s strong bull bar. Its alternating bars, a Dax 40 tight trading range and a place of agreement for traders. This will form a magnet when we move away from here. The bulls see […]
FTSE 100 Big Bear Surprise as Bulls Exit, Testing Swing Low
Market Overview: FTSE 100 Futures The FTSE futures market moved lower with a big bear surprise last week as the Always-In bulls gave up and the bears started to short back to the moving average. The bulls see a pullback to move higher, and the bears want a failed breakout above the high of a trading […]
FTSE 100 Bull Breakout and Follow Through, ATH
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with bull breakout and follow through. Although this month had a tail on top, the probability is still always in long. Because of the sideways action and the lack of high-probability stop-entries, many limit-order traders will be betting on more sideways. If you […]
DAX 40 Tight Bull Channel, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month in tight bull channel but back in tight trading range with large tail above on monthly chart. Bears are looking to sell high in the prior range, betting we will not break far above the All-time High. Bulls are in a tight channel and […]
DAX 40 Big Bear Bar Closing at Last Week’s Low
Market Overview: DAX 40 Futures DAX futures last week was a big bear bar closing at last week’s low. Since October, it has been tough to be a bear. Limit bears couldn’t even make money selling prior highs. This might have become climactic, and as bulls take profits, bears might sell second-entry signals around here. […]
FTSE 100 Big Pullback Test of Breakout Point
Market Overview: FTSE 100 Futures The FTSE futures market reversed last week with a big pullback test of the breakout point. It is a bear surprise, but sitting in a tight bull channel will likely form a bull flag. The bears want a follow-through bar to create a top for the next few months. The bulls […]
