Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji in a bull spike. it is the second leg in their new push from October. Traders expected a big second leg and they got it. There are no sell signals, so it is likely to go higher. But at HTF, […]
FTSE 100 50% Pullback, But Outside Bar, Weak Signal
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a 50% pullback to the MA. Its starting to resume the broad bull channel, so it’s better to be looking to buy pullbacks and around the MA. It has been doing this for some time while still in breakout mode. Bears can […]
FTSE 100 High 2 in Bull Trend, Expect More Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month in a doji after a High 2 in a small pullback bull trend. Tight trading range and many dojis but bull breakout and follow-through closing on their highs and above the MA so better to be long or flat. Bears can argue a […]
DAX 40 Bull Breakout Above Inside Bar
Market Overview: DAX 40 Futures DAX futures went higher last month with a bull breakout. Bears failed to get a double top and turn the trend into a trading range. Bulls will buy below and scale in, expecting the breakout gap to hold. Some bears sold the 3 bear bars and are scaling-in higher. It […]
FTSE 100 Pause After Buy Signal, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways to up last week after a slight pause above the MA. The bulls managed to get a strong spike earlier, and now it looks like we have bull follow-through. Most traders are hesitant to hold while in a triangle and BOM. I think we are […]
DAX 40 Breakout and MM Targets Above, ATH
Market Overview: DAX 40 Futures DAX futures moved higher in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at […]
DAX 40 Bull Breakout, New High, Close Inside TR
Market Overview: DAX 40 Futures DAX futures moved up last week with a bull outside bar and bull breakout, but the close was inside the prior range. Spike and channel bull trend, so bulls are perhaps buying lower and scaling out at new highs. Although with so little bear pressure, bulls will buy strong bull […]
FTSE 100 Outside Up, Swing Buy or Another Triangle
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week after a dip down with an outside up bar closing on its high. Swing bulls are still in their longs and have been buying the 200 MA as support. The top third of a trading range, so we will see next week if […]
DAX 40 Expanding Triangle, Bull BO in Bull Channel
Market Overview: DAX 40 Futures DAX futures moved sideways last week in an expanding triangle and a bull breakout in a bull channel. The bulls got a good buy signal, but we haven’t raced up yet. because we are in the channel phase and traders are buying lower and taking profits at highs. Bulls are […]
FTSE 100 Second Entry Short, But Closing on MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a bear outside down bar, a second entry short in a trading range. It’s a broad bull channel, and so bulls and bears can make money. Neither side is trapped yet, so we are sitting between 7000 and 8000. I prefer to […]