Market Overview: DAX 40 Futures DAX futures moved lower last week with consecutive bars below the MA. It was a breakout and FT after a failed break above the ATH. This is the largest streak of bear bars in nearly 12 months, so this is probably going to pull back soon. Bears want to close […]
FTSE 100 Big Break Below 100-Week MA, Magnets Below, LH DT
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a surprise bar and a break below the 100-week MA. Bulls have been buying here and lower and will likely buy the trendline as well. The bears see a possible LH DT and want a measured-move down. The best they might get […]
DAX 40 Still a Tight Trading Range at MA in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved lower last week with follow-through selling in a tight trading range, but it was not able to close below the bar from the week before. So it’s not as bearish as it could be. Bulls have finally got a chance to buy the moving average, and in […]
FTSE 100 Weak Bear Inside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways-to-down last week with a bear inside bar. On the daily, we were up most of the week and dropped back on Friday. Classic trading range price action. Disappointing follow-through is a sign to scalp on these timeframes. That means the day session will have very […]
FTSE 100 Big Bear Outside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a bear outside bar. That means we triggered buyers above after a bull microchannel in the middle of a trading range. There were buyers again at the 200-week MA. It might be difficult for bears to sell through it. This week is […]
DAX 40 Big Failed BO above a Wedge Top, OD at MA
Market Overview: DAX 40 Futures DAX futures moved lower last week with a failed BO above a wedge top. It was a large outside down bar, so likely sellers above now. Buyers at the MA but will they look to buy lower instead now? Bears want a FT bar but have not had consecutive down […]
DAX 40 Nearly Big Outside Up, Sideways High in Bull Trend
Market Overview: DAX 40 Futures DAX futures moved sideways last month with a nearly outside up bar. I’m writing this with one trading day to go. And that makes it more interesting for next month’s price action. If we go outside up, there is more chance of follow-through buying above this month. If we fail […]
FTSE 100 Big Bull Outside Up Bar, LH or Reversal?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with a bull outside up bar – though I’m writing it with one trading day to go! Pending a collapse on Monday (10% chance?), we are closing at an important level – 7700, which is 10% above the 7000 Big Round Number and […]
DAX 40 Bull Trap in TTR or Trend Resumption
Market Overview: DAX 40 Futures DAX futures was a small bull follow-through bar but it did not close above the high of last week, so its a possible bull trap. Bulls want the stop-order to work and get back to the high close of the bull channel. Bears want tot rap them here and get […]
FTSE 100 Bull Follow-Through, Scale in Bulls Avoid a Loss
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull follow-through bar. It is a surprise and should have a second leg – though pullbacks have been deep, and it is the middle of a trading range. Traders should be looking to BLSHS. After such a tight bear channel, the […]