Market Overview: FTSE 100 Futures The FTSE futures market gave us a third bear doji last week. It moved only slightly lower last week with the possible micro double bottom on the weekly chart. Although in control, the bears were not able to get below 7000 for 2 weeks in a row so we might need […]
DAX bear inside bar at 13000
Market Overview: DAX 40 Futures DAX futures was a Dax bear inside bar at the 13000 big round number. Although the bear trend is still in effect we have been going sideways for a few weeks now. The bulls are starting to get daily consecutive bull bars so we might see a break next week. […]
DAX 40 bear channel pause at 13000 big round number
Market Overview: DAX 40 Futures DAX futures broad bear channel pause at the 13000 big round number. We have been saying for the past few months that the market might need to spend some time here to decide where to go next. The bulls see a double bottom to set up a major trend reversal […]
FTSE 100 consecutive bear bars low in trading range
Market Overview: FTSE 100 Futures The FTSE futures market moved lower again last week with FTSE 100 consecutive bear bars low in a trading range. We are back at the October 2021 breakout point and it makes you wonder if this is a failed breakout above the high. With bulls unwilling to buy they might need […]
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 […]
FTSE 100 bear surprise bar at last month’s lows
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 […]
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 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 […]
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 […]
