Market Overview: DAX 40 Futures DAX futures dipped lower last month back to the moving average with a DAX 40 strong bear bar. The bulls got a wedge bottom, and strong follow through so most traders will expect a second leg sideways to up. Bears will look to scale in higher above last month and […]
FTSE 100 Always in Long, High in Trading Range
Market Overview: FTSE 100 Futures FTSE 100 always in long with a small bear inside bar high in a trading range. The bulls see a pullback and want a reasonable buy signal for a continuation higher, and they might get it. The bears wanted a second entry sell signal but the bar closed above it’s […]
DAX 40 Consecutive Bars, Bear Surprise
Market Overview: DAX 40 Futures DAX futures this week was consecutive bars, a bear surprise after such a tight bull channel. Although it is outside down, the bulls will expect a second leg up, so it might be a bear trap. The bears will probably get a second leg sideways to down to the breakout […]
FTSE 100 Double Top in Trading Range or Pullback
Market Overview: FTSE 100 Futures The FTSE futures market formed a FTSE 100 double top high in a trading range last week, or is it a pullback? The bulls had a tight bull channel, so they expected a second leg after a corrective move sideways to down. It is likely we will test the breakout point […]
FTSE 100 Bear Inside Bar and Micro DT
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear inside bar and micro double top. It was a pause at 2 measured move targets and a possible double top. But the bull leg is very strong, and with so much urgency, bulls could not even buy below bars. It is likely […]
DAX 40 Weak Bear Bar Ends Bull Streak
Market Overview: DAX 40 Futures DAX futures has been on a bull streak for the past 9 weeks, but it ended last week with a DAX 40 weak bear bar. The bulls want that to be the first leg of a major reversal. But high in a trading range, they probably won’t get it. The […]
DAX 40 Bull Flag Breakout or Good 50% Retracement
Market Overview: DAX 40 Futures DAX futures was a big bull bar closing near its high. It is consecutive monthly bull bars, a DAX 40 bull flag breakout and a High 3 buy, but we are right in the middle of the trading range, forcing traders to make tough decisions. The bulls see the pullback […]
FTSE 100 Buy Climax at Trading Range Highs
Market Overview: FTSE 100 Futures The FTSE futures market was a possible FTSE 100 buy climax at the trading range highs. We have gone sideways at this price for several years, so we are unlikely to go much higher without coming back down. Traders will be doing the opposite – selling good bull bars and buying […]
DAX 40 Bull Streak, High in Trading Range
Market Overview: DAX 40 Futures DAX futures have been on a DAX 40 bull streak high in a trading range. Traders will expect the pullback to be minor, but the risk is large for bulls who, up until now, have been buying above bars. The bears see the streak as a bull leg in a […]
FTSE 100 Failed Wedge Top, Always In Long
Market Overview: FTSE 100 Futures The FTSE futures market moved higher with a FTSE 100 failed wedge top and we are still always in long. The bulls have measured move targets just above and want to reach them. They also have some trapped traders from before that might need to get out. The bears shorted the […]