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 […]
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 […]
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 […]
FTSE 100 Low 1 High in TR, Tight Bull Channel
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to […]
FTSE 100 Bull Breakout to Finish 2023, Test Highs
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last month with a bull breakout of a wedge bull flag to finish 2023. Bulls wanted a reasonable buy signal, but last month wasn’t it. Small bull bar closing below the MA – but it worked anyway. We might need to go sideways for bears […]
FTSE 100 Tight Bull Channel, Leaving BOM or DT?
Market Overview: FTSE 100 Futures FTSE 100 futures went higher in a tight bull channel as we left breakout mode with several small consecutive bars higher. Bears want a sell signal to fade the top of the trading range, but we are now getting many small bars, so it could be the first leg of […]
FTSE 100 Bear Reversal Bar With Big Bull Breakout
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a bear reversal bar. It was a bull doji but with a collapse on Friday evening. We are still in a tight channel but disappointing FT for the bulls, so likely buyers below not above. Nothing to sell for bears yet, but […]
FTSE 100 Bull Closes Above MA, High 2, Triangle
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a bull doji and now two bull closes above the MA. We are still at the apex of a triangle, and BOM will finish soon – or so traders think. Bulls have a small pullback trend on the daily chart, and buyers […]
FTSE 100 Bull Inside Bar at MA, BOM, Trendline
Market Overview: FTSE 100 Futures FTSE 100 futures was a bull inside bar on the monthly chart. Inside bars, MA, triangles, think breakout mode (BOM) and sit on the hands until a clear entry sets up. Bulls might have a High 2 above the MA, but the bear channel is tight, and the first reversal […]