Market Overview: DAX 40 Futures DAX futures went sideways last week with an inside-outside-inside pattern (ioi.) The bulls see a final flag before one more leg up. The bears see a parabolic wedge, a tight channel up at the top of an expanding triangle. No good signals in 5 bars is TR price action, so […]
FTSE 100: Sell Signal Triggered, Breakout Pullback
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week, triggering a sell signal. The bulls got a streak out of the apex of a triangle, and we expected a test back down to the BO point. We touched the channel line again, and bulls need to create buying pressure here again to […]
DAX 40 Bear Outside Down Bar, Bull Flag, Micro DT
Market Overview: DAX 40 Futures DAX futures went lower last week with a bear outside down bar, after a big bull spike. It’s such a strong, bullish move, so there should be a second piece to it. The bears are trying to sell the double top here. They want a deep pullback and a continuation […]
FTSE 100 Low 1 High in TR, Tight Bull Channel
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to […]
FTSE 100 Bull Breakout to Finish 2023, Test Highs
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last month with a bull breakout of a wedge bull flag to finish 2023. Bulls wanted a reasonable buy signal, but last month wasn’t it. Small bull bar closing below the MA – but it worked anyway. We might need to go sideways for bears […]
DAX 40 Testing above Bear Microchannel, New ATH
Market Overview: DAX 40 Futures DAX futures moved higher last month, testing above the bear microchannel and creating a new ATH. It did not close strongly above the prior highs, leaving a small tail above. The bears didn’t get a sell signal, so we will likely continue higher to see what is above the highs. […]
DAX 40 Low 1 Buy in Bull Microchannel, Double Top
Market Overview: DAX 40 Futures DAX futures went sideways with a Low 1 in a Bull Microchannel. It was a failed breakout above the prior trading range, but most traders expect more now or after a short pause. Because bulls have a higher probability, their stop is far away, and they need a higher low […]
FTSE 100 Tight Bull Channel, Leaving BOM or DT?
Market Overview: FTSE 100 Futures FTSE 100 futures went higher in a tight bull channel as we left breakout mode with several small consecutive bars higher. Bears want a sell signal to fade the top of the trading range, but we are now getting many small bars, so it could be the first leg of […]
DAX 40 First Reversal Attempt, High in Bull Breakout
Market Overview: DAX 40 Futures DAX futures went sideways last week with the first reversal attempt by the bears high in a bull breakout – a bull microchannel. The market rushed strongly to 17000- so we went 2000 points straight up. The market might need to go sideways to work out the next direction. Bulls […]
FTSE 100 Bear Reversal Bar With Big Bull Breakout
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a bear reversal bar. It was a bull doji but with a collapse on Friday evening. We are still in a tight channel but disappointing FT for the bulls, so likely buyers below not above. Nothing to sell for bears yet, but […]