Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji – weak follow-through after a strong reversal up. The bulls want a move back to the MA, which is likely with such a bull trend bar. Some bears will sell the MA, while others are trapped trying to sell above […]
FTSE 100 Broad Bull Channel, Wedge, BOM at MA
Market Overview: FTSE 100 Futures The FTSE futures market pulled back to below the MA in a broad bull channel. Its breakout mode, and maybe 3 pushes down after a bull spike. Traders bought the High 2 buy setup at the 100-month MA, selling above the high of the COVID crash. Longer-term buyers are probably waiting […]
DAX 40 Bear Spike, Breaking Swing Low, TR
Market Overview: DAX 40 Futures DAX futures printed 3 bear bars on the monthly chart, a bear spike, for the first time since 2019. When the market has a moment of clarity, it usually pulls back. When it doesn’t, it creates a magnet to test later. We’re low in a tight bull channel, so traders […]
DAX 40 Breakout Below a Wedge, MM Target, AIS
Market Overview: DAX 40 Futures The DAX future chart has a breakout below a wedge on the weekly chart. It was a bear bar following another bear bar, so there was nothing to buy here. The stop is far away, and no opposite signals yet, so the probability is to lower prices. We might need […]
FTSE 100 Always in Short, Two Good Bear Bars Below MA
Market Overview: FTSE 100 Futures The FTSE futures market went always in short on the weekly chart, so we might pull back briefly next week. We have competing trend lines. Which will win? Currently, it is better to be short or flat. Some traders will be buying below the low of the bull spike and scaling […]
DAX 40 Measured Move Down, Middle of Broad Bull Channel
Market Overview: DAX 40 Futures DAX futures moved lower last week with a give-up bar, and so are going for a measured move down. The bulls tried to get a wedge bottom reversal or a High 2, but both failed, and no one wanted to buy the weak signal. It is close to support and […]
FTSE 100 Weak Buy Signal, Sell Vacuum Test of MA
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a give-up bar, a weak buy signal failing and creating a sell vacuum test of support. The daily chart has 3 strong bear bars, and a bear spike, so we should see a pullback and then a channel down form. Bulls expected […]
DAX 40 Sideways at Bear Swing Target, Gap Closed
Market Overview: DAX 40 Futures DAX futures moved sideways last week, low in a trading range at the prior swing low. The bears closed the last gaps and have struggled to get a break below this possible wedge bottom channel line. Bulls want to buy, but it is still a low-probability trade until a good […]
FTSE 100 Breakout Mode, 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market has had shrinking volatility into breakout mode into a triangle near the MAs. While we will probably get a move up and a move down, until the bears break strongly below that bull trend line, the scale in bulls will continue to strongly buy lows and scalp. […]
DAX 40 Wedge Bull Flag, Bear BO or Bigger ET?
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear bar in what looks like a wedge bull flag. But it is confusing, for some traders it is always in short. Because we broke below the swing low, tested and now are moving down below the MA. For other […]