Market Overview: FTSE 100 Futures FTSE 100 bear surprise bar at last month’s lows. The bulls see a pullback in a relentless bull trend and a limit buy signal here and lower near the 7000 big round number. It is the first quarterly close lower since March 2020. The bears see a double top reversal […]
DAX 40 outside down bar at 13000 big round number
Market Overview: DAX 40 Futures DAX 40 outside down bar at 13000 big round figure. The bulls failed to break out of the trend line and the inside-outside down pattern was sold off. It is a micro double bottom with March and looks bearish, but we are at prior support for the bulls. If the […]
DAX 40 double bottom at 13000 big round number
Market Overview: DAX 40 Futures DAX futures was a doji and a double bottom at the 13000 big round number. We are always in short but a pause here at the bottom of a trading range will make bears consider whether they want to swing below. Bulls will start to scale in and a High […]
FTSE bull surprise bar at support
Market Overview: FTSE 100 Futures The FTSE futures market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so […]
DAX failed bull breakout, possible double bottom
Market Overview: DAX 40 Futures DAX failed bull breakout and a possible double bottom. Traders sold the market for the last 2 weeks so we should get a another leg down but it’s at key support so profit taking will take us sideways. If bulls can get a good reversal that might set the trading […]
FTSE Always in Short at bottom of trading range
Market Overview: FTSE 100 Futures FTSE always in short at the bottom of a trading range. It could be a sell climax down to the big round number of 7000. The bulls see we are at the bottom of a trading range and will look to scale in short. The bears see we broke down […]
DAX 40 bear surprise at 20-week moving average
DAX 40 bear surprise last week at the 20-week moving average (MA). The bears got a successful moving-average gap bar sell signal at a double-top. Now we are sitting at the 200-week moving average. It’s not as bearish as it could be because we didn’t create a new low and the bulls will look to […]
FTSE 100 bear surprise, micro double top
Market Overview: FTSE 100 Futures FTSE 100 bear surprise from a Micro Double Top (Micro DT) pausing at the 50-week moving average (MA). Once again the bulls failed and market made a lower high, so it’s a major trend reversal and traders will expect two legs sideways to down. We might have had the first […]
DAX 40 bull bar at prior breakout point
Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point and at the moving average. It’s a tight trading range on the lower timeframes as traders decide where we are going. The bulls see a weekly major trend reversal and a developing small pullback bull channel. The bears see […]
FTSE 100 bull doji high in trading range
Market Overview: FTSE 100 Futures The FTSE futures market was a bull doji high in a trading range. Limit order traders have been making money on the higher timeframes and until they stop doing so we will go sideways. On the weekly timeframe stop entry traders can make money if they buy low sell high and […]