Market Overview: FTSE 100 Futures The FTSE futures market had a 4th bear bar pausing at the 20-week moving average (MA). We are moving down from a wedge reversal at the top of a trading range. Traders are deciding if we will get a measured move down to the March lows or get a second leg […]
DAX 40 bear channel near February close
Market Overview: DAX 40 Futures DAX futures moved lower last week with a DAX 40 bear channel near the February close and near the 200-week moving average (MA). The bears want a breakout below the February low down to a measured move target near October 2020. The bulls want a higher low major trend reversal, […]
DAX 40 follow-through selling after bear breakout
Market Overview: DAX 40 Futures The DAX futures moved lower last month with follow-through selling below a bear breakout. It’s always in short on the daily chart but bears failed to get consecutive bear bars last week so it looks like we might go sideways. The bulls have support after a long-term trend and we […]
FTSE 100 failed High 1 buy in trading range
Market Overview: FTSE 100 Futures The FTSE futures market had a failed High 1 buy in a tight trading range last month. We are likely always in short on the daily chart forming lower highs and working down to the March lows. The bulls have both longer and shorter-term trends on their sides. After such a […]
DAX 40 – Micro double top and failed buy signal
Market Overview: DAX 40 Futures DAX futures closed lower last week with a Micro Double Top (DT) and failed buy signal but without new lows. The weekly broad bear channel has set up a possible head and shoulders sell on the daily chart. The bulls have managed to reverse consecutive bear bars and with buyers […]
FTSE 100 Low 1 sell signal at top of trading range
Market Overview: FTSE 100 Futures The FTSE futures market traded lower last week with consecutive bear bars near the top of trading range. It’s a Low 1 sell signal on the weekly and a Low 2 sell on the daily chart so we should move down next week. But the FTSE has failed to get 3 […]
DAX futures moved lower with successful Low 1
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, […]
