Market Overview: DAX 40 Futures DAX futures moved down with a Dax 40 failed breakout making a new All-time High (ATH) last month. When higher time frames (HTF) signals get triggered, they often pull back first. It is confusing as it was a tight trading range (TTR) to the left and a possible double top […]
FTSE 100 Bear Surprise Pullback, Buyers at MA
Market Overview: FTSE 100 Futures FTSE futures market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, […]
DAX 40 Breakout Pullback or Failure above ATH?
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar and a tail below. It is a DAX 40 breakout pullback for the bulls at the All-time High (ATH). The bears see a failed breakout (BO) above. But bears have failed to make money for months so traders should expect […]
FTSE 100 Big Bear Breakout of Inside Bar at MA
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a FTSE 100 big bear breakout of an inside bar. We are at a 50% pullback of the prior bull leg sitting on the moving average (MA) and at the prior high of the 18-month trading range. We might need to go […]
DAX 40 All Time High, BO above TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week to a new Dax 40 All Time High. It was a bull breakout (BO), so traders will watch the follow-through buying next week. The bears are looking to short the trading range highs but haven’t had a good sell signal. Some bears got caught […]
FTSE 100 Bull Channel, Failed High 1 Buy
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up […]
FTSE 100 Bull Flag, LH DT, High in Trading Range
Market Overview: FTSE 100 Futures The FTSE futures market formed a FTSE 100 bull flag with a lower high double top (LH DT). The price moved lower, but the tails tell us bears were scalping and ran into the scale-in bulls. After a strong micro channel, traders bought below the low and will buy 50%, expecting […]
DAX 40 Inside Bar, Weak Bear Close in Expanding Triangle
Market Overview: DAX 40 Futures DAX futures moved sideways last week, with a DAX 40 inside bar closing above its midpoint. The bull trend has been strong, and without bears closing consecutive bear bars, it’s hard for bears to swing short. There are open gaps below, and it looks like the bulls will get to […]
Crude Oil Failed Bear BO, Possible Small Second Leg Down
Market Overview: Crude Oil Futures The Crude Oil futures moved lower last week, but it was a failed Bear BO (breakout). Price rebounded strongly and finished with consecutive bull bars by Friday on the daily chart and a bad bear close on the weekly. After breaking a trend line, the bulls are setting up a […]
FTSE Head and Shoulders Top or High 1 Buy?
Market Overview: FTSE 100 Futures The FTSE futures market formed a possible FTSE head and shoulders top on the weekly chart. The bulls want a High 1 buy above the pullback, but they might wait for a better entry bar. The bulls want a strong close or double bottom above the prior trading range high from […]
