Market Overview: FTSE 100 Futures The FTSE futures market has been in a small pullback bull trend since COVID. We moved higher last month, retracing the deep 50% pullback in March. The bears are happy with the sell-off before and will look to sell above February. The bulls will buy all pullbacks to the moving average […]
FTSE 100 Closed Bear Breakout Gap in Tight Range
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week as bulls closed the bear breakout gap. Longer-term bulls bought the 200-week MA and are sitting on big profits. The bear spike down was strong enough, so likely sellers above and near the highs, so we might need to go sideways here. Expect […]
FTSE 100 Big Bull Micro Channel Testing BO Point from TTR
Market Overview: FTSE 100 Futures The FTSE futures market has been in a big bull micro channel since it hit the 100-week MA. We now have 2 open micro-gaps between the weeks, creating a layer of support at the prior top of the trading range. This supports the bull case for going higher. The bears know […]
FTSE 100 Bull Breakout to Sell Climax High
Market Overview: FTSE 100 Futures The FTSE futures market was a big bull breakout and follow-through. We are testing with breakout to sell climax high where trend trading bulls were expecting a move up. They got trapped and now we might let them out. Though the bars are so strong some might hold for a test […]
FTSE 100 Failed Breakout or 50% Pullback
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month with a FTSE 100 failed breakout, a bear doji bar with a big tail. It is a pullback from the bull trend, and there were buyers below the moving averages. Some traders bought the breakout early and needed to scale in to make […]
FTSE 100 50 Percent Pullback at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market reached a 50 percent pullback last week after two big sell climax weeks. We went sideways with buyers below at the 100-Week MA and sellers up at the 20-week MA. Its not a great buy nor sell signal – but probably better to be short than long […]
FTSE 100 Bear Surprise, Follow through at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved down strongly last week with a FTSE 100 bear surprise bar. It was a follow-through from the week before and pausing at the 100-Week MA. The bulls see a 50% pullback after a tight bull channel but we are back in the trading range. The bears […]
FTSE 100 Big Bear Surprise as Bulls Exit, Testing Swing Low
Market Overview: FTSE 100 Futures The FTSE futures market moved lower with a big bear surprise last week as the Always-In bulls gave up and the bears started to short back to the moving average. The bulls see a pullback to move higher, and the bears want a failed breakout above the high of a trading […]
FTSE 100 Bull Breakout and Follow Through, ATH
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with bull breakout and follow through. Although this month had a tail on top, the probability is still always in long. Because of the sideways action and the lack of high-probability stop-entries, many limit-order traders will be betting on more sideways. If you […]
FTSE 100 Big Pullback Test of Breakout Point
Market Overview: FTSE 100 Futures The FTSE futures market reversed last week with a big pullback test of the breakout point. It is a bear surprise, but sitting in a tight bull channel will likely form a bull flag. The bears want a follow-through bar to create a top for the next few months. The bulls […]