Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 bull surprise bar at the 20-week moving average (MA). It looks like we are always in long on the daily chart but we have been going sideways here for many weeks so no matter how bullish it looks so can […]
DAX 40 double bottom in bear channel
Market Overview: DAX 40 Futures DAX 40 futures moved slightly higher last week with a DAX 40 double bottom in a bear channel. It is a tightening range so it’s breakout mode. It looks more bullish on the daily chart however with a possible higher low major trend reversal. The bulls want some follow through […]
DAX double bottom in broad bear channel
Market Overview: DAX 40 Futures DAX futures moved higher last week with a possible DAX double bottom in a Broad Bear Channel. The bulls see a possible major trend reversal above the high of this week but the context is bad in a broad bear channel. The bears expect to sell above bars again this […]
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 […]
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 […]
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. […]
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? […]
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 […]
