Market Overview: DAX 40 Futures DAX 40 bear reversal at the moving average. It’s a tight bull channel with 4 consecutive bull bars so it’s not a high probability sell below, but bears have been selling the moving average and making money. We are also at a measured move target on the weekly, although short […]
FTSE 100 Pause Bar High in Tight Bull Channel
Market Overview: FTSE 100 Futures FTSE 100 pause bar high in a tight bull channel. We are always in long but at potential measured move targets on the daily chart, which is why we are going sideways here. Traders are deciding if there are enough bulls to buy above here betting on a new all-time […]
FTSE 100 tight bull channel and double top
Market Overview: FTSE 100 Futures FTSE 100 tight bull channel and double top on the weekly chart. On the daily chart it’s a small pullback bull trend so traders should only be looking for buy setups. But we have been in a trading range for over a year, and it looks most bullish at the […]
DAX 40 bull breakout at moving average
Market Overview: DAX 40 Futures DAX 40 bull breakout at the moving average (MA) so traders will decide next week where we go from here. The bears have been selling the MA since January and making money, and markets have inertia so we should expect selling above this week’s bar. But has the context changed? […]
FTSE Always in long at top of trading range
Market Overview: FTSE 100 Futures FTSE always in long at the top of a trading range. We are back in the tight trading range from May so we might go sideways here. The bulls want a follow-through bar to break above, back to the highs of the range and bears want a decent sell signal. […]
DAX 40 pause at 20-week moving average
Market Overview: DAX 40 Futures DAX futures moved higher last week but was a pause at 20-Week Moving Average (MA) and ended as a bull doji at the MA. We have been trending down all year and the moving average has been resistance so we should expect bears to sell again above this week. But […]
FTSE 100 bull trend pullback at 20-month moving average
Market Overview: FTSE 100 Futures The FTSE futures market was a bull trend pullback at the 20-Month Moving Average (MA.) We are still always in long on the monthly and weekly charts but sideways, so limit order market above and below bars. Although this month looks like it is setting up a stop entry, there has […]
Dax 40 bull bar at prior breakout point
Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point. It’s always in short on the monthly chart and weekly but with consecutive bull bars at prior breakout points on the weekly we might go sideways. It is a low probability buy for the bulls and it’s selling low […]
DAX 40 High 1 bear channel pullback
Market Overview: DAX 40 Futures DAX futures was a High 1 Bear Channel Pullback. It’s a major trend reversal on the daily timeframe but still always in short on the weekly. Confusion, sideways but probably more upside as we are struggling to get below the March lows. Both DAX and FTSE are looking stronger but […]
FTSE 100 double top pullback testing prior breakout
Market Overview: FTSE 100 Futures The FTSE futures market was a double top pullback testing the prior breakout. We have been going sideways for many weeks now so it’s a tight trading range ready to break out either way. The longer we go sideways the less steam the bears might have to push down further. The […]