Market Overview: FTSE 100 Futures The FTSE futures market is in breakout mode (BOM) between 2 moving averages. The market is deciding where to go from here. There is a DB and a DT. It can be a wedge bull flag or a wedge bear flag. Take your pick! On this timeframe 50/50 so better to […]
Crude Oil Strong 4 Bar Bull Microchannel, Gaps, Testing Failed High 1
Market Overview: Crude Oil Futures Crude oil futures moved higher with a strong bull bar with a tail above in a bull microchannel. There were buyers below the MA in a 20-bar MA gap buy setup. The inside bar got good follow-through, and now there are open bull gaps. The bears see it as a […]
FTSE 100 BOM High in Trading Range, High 2
Market Overview: FTSE 100 Futures The FTSE futures market moved higher on the monthly chart with BOM and a High 2 setup. We have been going sideways for many months at the top of the prior trading range. The moving averages are pointed up, so it is a tight channel that is starting to flatten out. […]
DAX 40 Dueling Lines, Wedge Top to a DT, Pullback to MA
Market Overview: DAX 40 Futures DAX futures was a dueling lines pattern last month, three pushes up a wedge top to a DT. It was a weak sell signal, but triggering a sell, high in a possible TR, and after three bull pushes up, might attract bear swing sellers. Some bulls are scaling in below […]
DAX 40 Surprise DT Bear Flag, Bear Bar Below MA
Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
FTSE 100 Big Expanding Triangle, DT and 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with another pause in an expanding triangle pattern. But after 4 consecutive bull bars, it will be tough for bears to do too much damage. Strong micro gaps below, so many reasons to be long. Bears hope to trap bulls here and return […]
FTSE 100 Weak Signal, Strong Bull BO or LH DT?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a weak signal bar that turned into a strong bull BO. We said last week the pain trade might trap traders and it did. The bears wanted the LH and break below but too much buying pressure at the higher MAs below. […]
DAX 40 Big Bull Outside Up, Closing Above MA and in TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week with a bull outside up bar closing above the MA and back in the middle of the TTR. Most bulls will want to see a consecutive bull close above the MA to get back to always in long. Some bulls are stuck high after […]
FTSE 100 Big Triangle at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher into the apex of a larger triangle pattern on the weekly chart. It is breakout mode (BOM). Traders can be long or short, but most should be flat right now. Bears want a break below and a MM down. Probably sellers above the doji. Bulls […]
DAX 40 Bear Close Under MA – 2nd Leg Down or Reversal
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear close under the MA but could not get far below just yet. The bulls want this to be a bull flag, and then BO and move back to test the highs. The bears see a HTF trading range, and […]