Market Overview: DAX 40 Futures DAX futures went sideways last month with a weak buy signal and a small bull doji. It’s too high to buy above those bars, but some bulls will buy a new high. Stop is far away. DAX seems to pull back sharply after a tight trading range on the monthly chart, […]
FTSE 100 Microchannel, Open Breakout Gap, Outside Bar
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last month above the prior inside bar, breaking a bull microchannel. Traders expect more, but that can mean a pullback first to 50% or closing the breakout gap below. It is too high to buy up here, but traders might buy the new high with […]
DAX 40 Triangle, BOM, Buyers Above MA, Big Bear Bars
Market Overview: DAX 40 Futures DAX futures went sideways last week in a triangle and BOM. We have been oscillating around 18500 in between the two magnets of 19000 and 18000. Limit the order market so most traders do not touch it during this timeframe until there is a clear breakout either way. The daily […]
FTSE 100 High 2 at MA in Bull Trend, TTR, BO Gap
Market Overview: FTSE 100 Futures FTSE 100 futures closed higher last week setting up a High 2 at the moving average in a bull trend. With a strong bull breakout on the monthly, we expected this tight trading range to make way for continuation, and it looks like it for next week. It’s best to […]
FTSE 100 Open Breakout Gap, Bulls Swing, Bears Scalp
Market Overview: FTSE 100 Futures FTSE 100 futures went lower last week with an open breakout gap and BOM after a strong bull spike. TTR is also on the lower time frame, so it is time for the next pattern to start with a good breakout. But traders should wait for a BO and FT […]
DAX 40 Bear Surprise, 5 Reversals, at MA in Bull Channel
Market Overview: DAX 40 Futures DAX futures went lower last week, with a bear surprise bar closing near its low. A strong reversal at the end of last week, and there should be a bit more sideways to down after. The bulls failed to get strong buying for a new high, so we will likely […]
DAX 40 Consecutive Bull Bars, Heading to 19000
Market Overview: DAX 40 Futures DAX futures went higher last week, with bull bars above the MA again in a bull channel. After a miss earlier, it looks like 19000 is the target again. Bears needed to do more below the MA but failed. Sideways to up is more likely in a channelling style. DAX […]
FTSE 100 Trend Resumption Likely After Bears Failed, TTR
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week, setting up a possible High 2 and trend resumption. Bears needed to do more below bear bars, and the tails showed eager bulls. They could still attempt the second leg down, but the traders equation is not very good, better to be long […]
DAX 40 Outside Up, Middle of TR, Bull Channel
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull outside up bar. Bears tried to take control but couldn’t get much below 18000. Middle of a trading range in a bull channel, so still more likely sideways to up. We could go sideways here as traders decide what to do. […]
FTSE 100 Tight Trading Range, Above Support
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week again, with a tight trading range in BO mode. The bears had a chance to pull back the market, but the buying has been relentless. You don’t want to trading countertrend with open breakout gaps below, the probability isn’t worth it. But the […]
