Market Overview: DAX 40 Futures DAX futures went sideways last week, with another doji in a pullback after a breakout. After a strong bull breakout to a new high and a great entry bar for the bulls, those bulls are wondering how much higher. Bears have nothing to sell, but we might drift back to […]

DAX 40 Bull Channel, Leg 2, Sideways, Open BO Gaps

Market Overview: DAX 40 Futures DAX futures went higher last week in a bull spike and channel. Its had two clear legs up which were very steep. Bears got two legs sideways which could be the end of the second leg. It is important to see if bulls create a follow-through bar next week as […]

Market Overview: DAX 40 Futures DAX futures went lower last month with a bear outside bar closing on its midpoint. It is sideways after a strong bull spike and possibly two legs up. It could be time for a correction, but without a decent sell signal, it might transition into a broader channel instead. DAX […]

Market Overview: DAX 40 Futures DAX futures went higher forming a High 1 from a reversal up from 18000. Such a strong spike needed a correction and the pullback was deep. It might need a second leg sideways to down before bulls buy again. The moving average is just below and there are likely buyers […]

Market Overview: DAX 40 Futures DAX futures had a strong pullback end last week and went sideways with a bear doji. Friday was a strong reversal bar that hit bear targets. This is a weak bar for stop-entry traders. We will likely form a trading range around this price and 18000. It is strong enough […]

Market Overview: DAX 40 Futures DAX futures pulled back again last week after consecutive bars in an overdone bull spike. We raced past 18000 and now came back to visit. Bears will likely get a second leg sideways to down but it has been quite lonely to sell in this environment for bears so better […]

Market Overview: DAX 40 Futures DAX futures went down last week with some profit-taking after a tight bull channel. We are still always in long, but we raced past 18000, and we might need to stop there for bulls to recover from the move up. It is an outside down bar, so a weak sell […]

Market Overview: DAX 40 Futures DAX futures went higher last month with a big bull breakout and follow-through near 19000. We went past 18000 and one MM target and I think we will pullback before hitting the next one. The pain trade for bears would be to keep racing up. But it wasn’t a very […]

Market Overview: DAX 40 Futures DAX futures moved higher with a follow-through bull bar, so consecutive bull bars above 18000. We had an overshoot on the measured move and now have 3 legs in a tight channel, so we might start to go sideways here soon. Bulls will likely buy the first reversal attempt and […]