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 […]
FTSE 100 Strong Bull Reversal Inside Bar Near 200-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull reversal, an inside bar on the weekly. The daily chart looks like a V reversal as the bears who had gotten trapped had a chance to exit. Bulls were looking for a chance to buy the lows of the trading […]
DAX 40 Bull Inside Bar at MA Final Flag or Wedge
Market Overview: DAX 40 Futures DAX futures moved higher last week with a bull inside bar reversing up from the moving average. It is a triangle on a lower time frame right in the middle of a TTR. We are alternating each week but if there is any more buying it should happen above this […]
DAX 40 Tight Trading Range at MA in Bull Channel
Market Overview: DAX 40 Futures DAX futures has been stuck in a tight trading range for several weeks, and this is the first touch of the MA. The bears see a possible second entry short – but at the MA is not great. Bulls will happily buy the MA and below in such a strong […]
FTSE 100 Surprise Bear BO Below a Wedge, Bull Channel
Market Overview: FTSE 100 Futures The FTSE futures market moved lower strongly last week with a surprise bear BO below a wedge. Traders may expect 2 legs sideways to down. The bulls see a climax bar and will look to reverse it near the 200-week MA. Bears need a follow-through bar next week to try to […]
FTSE 100 Strong Bull Channel 2 Legs Sideways
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month, with buyers at the MA in a bull channel. But it was not a strong close. The bears want a little more down and might get it to the 100-month EMA. But the tail in March shows buying pressure. There would always be […]
DAX 40 Failed BO Above ATH in Tight Bull Channel
Market Overview: DAX 40 Futures DAX futures moved high with an all-time high last month but failed to close above last month. It’s a failed BO, but if the bulls can get another new high the bears might exit, and we can move higher. The bears want to sell above to prevent the bulls from […]