Market Overview: FTSE 100 Futures The FTSE futures market moved sideways-to-down last week with a bear inside bar. On the daily, we were up most of the week and dropped back on Friday. Classic trading range price action. Disappointing follow-through is a sign to scalp on these timeframes. That means the day session will have very […]
FTSE 100 Big Bear Outside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a bear outside bar. That means we triggered buyers above after a bull microchannel in the middle of a trading range. There were buyers again at the 200-week MA. It might be difficult for bears to sell through it. This week is […]
FTSE 100 Big Bull Outside Up Bar, LH or Reversal?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with a bull outside up bar – though I’m writing it with one trading day to go! Pending a collapse on Monday (10% chance?), we are closing at an important level – 7700, which is 10% above the 7000 Big Round Number and […]
FTSE 100 Bull Follow-Through, Scale in Bulls Avoid a Loss
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull follow-through bar. It is a surprise and should have a second leg – though pullbacks have been deep, and it is the middle of a trading range. Traders should be looking to BLSHS. After such a tight bear channel, the […]
FTSE 100 Strong Bull Reversal Inside Bar Near 200-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull reversal, an inside bar on the weekly. The daily chart looks like a V reversal as the bears who had gotten trapped had a chance to exit. Bulls were looking for a chance to buy the lows of the trading […]
FTSE 100 Surprise Bear BO Below a Wedge, Bull Channel
Market Overview: FTSE 100 Futures The FTSE futures market moved lower strongly last week with a surprise bear BO below a wedge. Traders may expect 2 legs sideways to down. The bulls see a climax bar and will look to reverse it near the 200-week MA. Bears need a follow-through bar next week to try to […]
FTSE 100 Big Bear Surprise, Leg 3 in Trending TR
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a bear surprise bar, and bears will want follow-through selling. The bulls see many legs and a higher-low with March. Traders have been buying the 100-week MA, so there is a natural long there. The bears will try and trap bulls there. […]
FTSE 100 High 2 in Bear Leg at Prior All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market moved prices higher, setting up a High 2 with 5 days of trending lows. The bears failed to get follow-through selling at the MA, so we might need to move higher. The bull bars are not strong, and we have a bear trend line above, which should […]
FTSE 100 Strong Bear Leg in Broad Bull Channel
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a small bear bar in a bear leg. We are pausing between the two MAs. Bulls want to buy on the moving average (MA), get another leg up, and close strongly above the prior All-time High (ATH). Bears are selling above bars […]
FTSE 100 Bear Surprise Pullback, Buyers at MA
Market Overview: FTSE 100 Futures FTSE futures market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, […]