Market Overview: DAX 40 Futures DAX futures was a big bull surprise bar on the monthly chart. Still always in long on this timeframe, and it looks like a leg in a trading range. It was a tight trading range to the left, so it was a magnet, and we might need to go sideways […]
FTSE Big Bull Breakout Closing at All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market increased last month, closing at an all-time high with a FTSE big bull breakout. Bulls need another bull bar for consecutive bull bars and breakout and follow-through, but the tail on January’s bar might reduce the number of bulls willing to hold long there. Bears need a […]
DAX 40 Possible Bull Leg in Trading Range, Tight Bull Channel
Market Overview: DAX 40 Futures DAX futures were in a tight bull channel last week. Traders are deciding if it is a possible bull leg in a trading range. The bulls are at one measured move target and want the swing target above. The bears want to sell to keep the price in the range […]
FTSE 100 Pullback in Bull Micro Channel, Higher High
Market Overview: FTSE 100 Futures The FTSE futures market dipped below the low of a prior bar last week, a FTSE 100 pullback in a bull Micro Channel. We said last week there would likely be buyers there. We are always in long, but after 12 months in a trading range, a strong reversal here could […]
DAX 40 Pause at Measured Move Target
Market Overview: DAX 40 Futures DAX futures was a bear bar last week, a DAX 40 pause at a measured move target. The bulls know the channel is tight and expect another leg up, and they will probably get it. We are also at the underside of the prior trading range breakout, so we are […]
FTSE 100 Breakout Pullback, Always in Long
Market Overview: FTSE 100 Futures The FTSE futures market was a bear bar last week. It was a FTSE 100 breakout pullback bar just below the All-Time High. Most traders were expecting to reach the measured move target above and possibly the All-Time High. Bears were expecting to sell the highs of the range and now […]
FTSE 100 Breakout above COVID Trading Range
Market Overview: FTSE 100 Futures The FTSE futures market had a big bull breakout above COVID trading range. We are within striking distance of the All-Time-High. The bulls want to break strongly above the all-time high, and with consecutive weekly bull bars, it looks promising. But having spent so long in a trading range, the math […]
DAX 40 Breakout of Bull Flag
Market Overview: DAX 40 Futures DAX 40 breakout of bull flag with market moving higher last week. Consecutive bull bars closing near their highs. The bulls have needed to break above the wedge bottom and get closer to their swing target above 15000, which they did last week. The bears have been selling from January […]
FTSE 100 Big Bull Breakout Testing Pre-Pandemic High
Market Overview: FTSE 100 Futures The FTSE futures market was a big bull breakout testing the pre-pandemic high. The bulls want this to be a bull flag of the post-pandemic bull run. But with several breakout attempts, traders wonder if this has increased or decreased probability. The bulls have measured move targets above. With such strong […]
DAX 40 Big Bull Breakout: Measuring Gap or Exhaustion Gap?
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 big bull breakout bar. It has been non-stop higher since October, and traders want to see if there are buyers above this trading range high. The bears knew they would not get a bear trend but hoped for a trading […]