Market Overview: FTSE 100 Futures FTSE 100 futures went sideways to up last week high up in a long-term trading range. We were in breakout mode for a long time and then got a strong bull breakout so we should get another leg up at least. Bears want to fade the highs of the trading […]
DAX 40 Consecutive Bear Bars, After Bull Microchannel
Market Overview: DAX 40 Futures DAX futures pulled back again last week after consecutive bars in an overdone bull spike. We raced past 18000 and now came back to visit. Bears will likely get a second leg sideways to down but it has been quite lonely to sell in this environment for bears so better […]
DAX 40 Tight Bull Channel at Swing Targets, AIL
Market Overview: DAX 40 Futures DAX futures went down last week with some profit-taking after a tight bull channel. We are still always in long, but we raced past 18000, and we might need to stop there for bulls to recover from the move up. It is an outside down bar, so a weak sell […]
FTSE 100 Bull Breakout, Outside Down at LH, AIL
Market Overview: FTSE 100 Futures FTSE 100 futures went lower last week with profit-taking high in a bull breakout. Back at the highs of the trading range for the last 12 months, it looks like the bull trend is gathering momentum again for a new high. Bears argue for more trading range, but many sell […]
FTSE 100 High 3, Bull Flag BO and Pullback, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last month with a High 3, a wedge bull flag right above the moving average. Breakout mode lasted for a long time so traders want the market to move quickly to targets. But in a trading range the pullbacks are deep so expect more sideways […]
DAX 40 Breakout and FT, Near 19000, Bull Bars Closing on Highs
Market Overview: DAX 40 Futures DAX futures went higher last month with a big bull breakout and follow-through near 19000. We went past 18000 and one MM target and I think we will pullback before hitting the next one. The pain trade for bears would be to keep racing up. But it wasn’t a very […]
FTSE 100 Bull Surprise Breakout, Top of TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved a lot higher last week with a huge bull surprise breakout. We have been in breakout mode for many months, really, but finally, it broke to the upside strongly. It looks like the bull channel will resume here. Bears want this to be a large double […]
DAX 40 Consecutive Bull Bars, Overshoot MM Target
Market Overview: DAX 40 Futures DAX futures moved higher with a follow-through bull bar, so consecutive bull bars above 18000. We had an overshoot on the measured move and now have 3 legs in a tight channel, so we might start to go sideways here soon. Bulls will likely buy the first reversal attempt and […]
FTSE 100 High 2 Triggers But Bear Bar, Always In Long
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week when the High 2 was triggered. It looks like a bull breakout of BOM in a broad bull channel. Sloping up MA and big bull bars over the MA are good signs for buyers at the MA and lower. MM targets up are […]
DAX 40 Measured Move Overshoot, Around 18000
Market Overview: DAX 40 Futures DAX futures moved higher last week with a measured move overshoot from a bull bar with tails above and below. The bears have nothing on the weekly so more up likely. The daily chart is starting to show signs of trading range action but expect buyers at 18000 and the […]