Market Overview: DAX 40 Futures DAX futures moved lower last week with a successful Low 1 at moving average last week, now with 2 consecutive bear bars with tails below. We are always in short. Bulls are looking to scale in for a double bottom at the March low for a long-term trend resumption up. […]
FTSE 100 futures traded sideways to down
Market Overview: FTSE 100 Futures The FTSE futures market traded sideways to down last week as traders mulled over a new push to the new all time highs. Bears don’t want to sell 5 consecutive bull bars but we are also at the top of two trading ranges which is a tough buy so bulls are exiting. […]
DAX futures triggered low 1 sell
Market Overview: DAX 40 Futures DAX futures triggered low 1 sell on the weekly but with a tail below so not as bearish as it could be. We had 2 consecutive daily big bear bars closing below their midpoints last week. Is it a pullback from a tight bull channel or a broad bear channel? […]
FTSE 100 futures market traded higher
Market Overview: FTSE 100 Futures The FTSE futures market traded higher in a tight bull channel to a possible wedge top at the top of a trading range. The channel is tight enough to expect higher prices next week and any reversal to be minor. The bears will continue to sell new highs and scale in, […]
FTSE futures continued higher
Market Overview: FTSE 100 Futures The FTSE futures continued higher with 4 weekly bull bars but failed to close above the highs of January or February so it is not as bullish as it could be. We are at the highs of a trading range and with tails on top it is reasonable to scale into […]
DAX futures large sell climax
Market Overview: DAX 40 Futures DAX futures had a large sell climax in March but still closed slightly higher. We are sitting at the 50% retracement from the bear leg and are stalling around the 50-month MA. Next week traders will decide if we can get a successful high 1 buy on the monthly chart […]
DAX futures paused just below prior breakout point
Market Overview: European Market Analysis DAX futures paused last week just below the prior breakout point. Bears see the tight bear channel and are looking for reasons to sell the next move down. Bulls are looking a follow-through bar to prove the move down was simply a pullback in a much longer bull trend. On […]
FTSE 100 continued bull resumption
Market Overview: European Market Analysis The FTSE futures market continued bull resumption to finish higher again after the largest bear pullback in 18 months. It failed to reach the breakout point and is now at the top of the developing trading range. On the daily it is a tight bull channel so we might work higher […]
DAX futures bull reversal up from the 200-week MA
Market Overview: European Market Analysis DAX futures bull reversal up from support off the 200-week MA. The bears want it to be a pullback in an 8-week tight bear channel and test of the breakout from the prior trading range. The bulls see a sell climax and high 1 reversal up from a still-intact bull […]
FTSE 100 bull surprise reversal up from 100-week MA
Market Overview: European Market Analysis This week saw a FTSE 100 bull surprise reversal up from 100-week MA not far from the start of the large pullback. Two of the largest bars in the trend have occurred in the past 3 weeks which means there is a reasonable chance we’re in a developing trading range. […]