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 […]
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 […]
DAX 40 Bull Channel, ATH, Sideways Above Strong Pullback
Market Overview: DAX 40 Futures DAX futures went sideways last month with a small bull inside bar high at the top of a bull channel. The bears got 3 good bear bars and tried to create a double top. But they weren’t able to get a follow-through barb under the MA. Strong bull bars above […]
FTSE 100 High 2 Breakout Pullback, 2nd Leg Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month with a bear outside bar, unable to close below the MA in a breakout pullback. It looks like a swing-long setup, but traders have been in a TTR for a long time, so they might wait for more confirmation or urgency. Bears have […]
FTSE 100 Strong Reversal Up From Triangle Apex
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a two-bar strong reversal, closing above the 20-MA. The bulls need a good follow-through bar here to convince traders it is always in long. But the bears got 3 bars in a row, so they probably need one more bar themselves. We […]
DAX 40 High 2 Buy, Highest Close, 2nd Leg Up or Test
Market Overview: DAX 40 Futures DAX futures increased last week with a strong buy signal, a High 2 buy setup, closing above the last strong bull bar in the prior spike. The bears tried to get a strong reversal, but you can see the tail below as traders tried to scale into another move. Some […]
FTSE 100 Triangle, Bull Breakout Test of 100-Week MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week back top test the apex of the triangle and the 100-week moving average (MA.) Deep pullbacks, disappointment and strong near the extremes. Trading range price action. That could lead to buyers here, as buying this MA has been a good trade historically. FTSE […]
DAX 40 Bull Flag, High in Trading Range, Micro Wedge
Market Overview: DAX 40 Futures DAX futures moved lower last week in a bull flag with a bear doji. Sideways price action after a big move up. Price had a hard time getting through 17000 last time. The bulls want a good double bottom here to move higher. It’s still above the 200, so most […]
DAX 40 IOI – Final Flag or Breakout Mode Reversal
Market Overview: DAX 40 Futures DAX futures went sideways last week with an inside-outside-inside pattern (ioi.) The bulls see a final flag before one more leg up. The bears see a parabolic wedge, a tight channel up at the top of an expanding triangle. No good signals in 5 bars is TR price action, so […]
FTSE 100: Sell Signal Triggered, Breakout Pullback
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week, triggering a sell signal. The bulls got a streak out of the apex of a triangle, and we expected a test back down to the BO point. We touched the channel line again, and bulls need to create buying pressure here again to […]