Market Overview: DAX 40 Futures DAX futures reversed strongly closing on the lows so it’s a sell signal on the monthly chart. It’s a DAX 40 breakout test of the prior trading range of January 2021. The bears want a move back into that range, a failed wedge bottom. The bulls see support at the […]
DAX 40 Bear Surprise Bar and Always in Short
Market Overview: DAX 40 Futures DAX 40 bear surprise bar and always in short on the weekly chart. The bears want a follow-through bar breaking below the range for a move down. The bulls have successfully reversed up twice here and will look to scale in here and lower. We look like we will go […]
DAX 40 Bear Reversal at the Moving Average
Market Overview: DAX 40 Futures DAX 40 bear reversal at the moving average. It’s a tight bull channel with 4 consecutive bull bars so it’s not a high probability sell below, but bears have been selling the moving average and making money. We are also at a measured move target on the weekly, although short […]
DAX 40 bull breakout at moving average
Market Overview: DAX 40 Futures DAX 40 bull breakout at the moving average (MA) so traders will decide next week where we go from here. The bears have been selling the MA since January and making money, and markets have inertia so we should expect selling above this week’s bar. But has the context changed? […]
DAX 40 pause at 20-week moving average
Market Overview: DAX 40 Futures DAX futures moved higher last week but was a pause at 20-Week Moving Average (MA) and ended as a bull doji at the MA. We have been trending down all year and the moving average has been resistance so we should expect bears to sell again above this week. But […]
Dax 40 bull bar at prior breakout point
Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point. It’s always in short on the monthly chart and weekly but with consecutive bull bars at prior breakout points on the weekly we might go sideways. It is a low probability buy for the bulls and it’s selling low […]
DAX 40 High 1 bear channel pullback
Market Overview: DAX 40 Futures DAX futures was a High 1 Bear Channel Pullback. It’s a major trend reversal on the daily timeframe but still always in short on the weekly. Confusion, sideways but probably more upside as we are struggling to get below the March lows. Both DAX and FTSE are looking stronger but […]
DAX bear inside bar at 13000
Market Overview: DAX 40 Futures DAX futures was a Dax bear inside bar at the 13000 big round number. Although the bear trend is still in effect we have been going sideways for a few weeks now. The bulls are starting to get daily consecutive bull bars so we might see a break next week. […]
DAX 40 bear channel pause at 13000 big round number
Market Overview: DAX 40 Futures DAX futures broad bear channel pause at the 13000 big round number. We have been saying for the past few months that the market might need to spend some time here to decide where to go next. The bulls see a double bottom to set up a major trend reversal […]
DAX 40 outside down bar at 13000 big round number
Market Overview: DAX 40 Futures DAX 40 outside down bar at 13000 big round figure. The bulls failed to break out of the trend line and the inside-outside down pattern was sold off. It is a micro double bottom with March and looks bearish, but we are at prior support for the bulls. If the […]
