{"id":167491,"date":"2023-01-02T01:30:00","date_gmt":"2023-01-02T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=167491"},"modified":"2023-01-01T23:11:55","modified_gmt":"2023-01-02T07:11:55","slug":"ftse-100-always-in-long","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/ftse-100-always-in-long\/","title":{"rendered":"FTSE 100 Always in Long, High in Trading Range"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p><strong>FTSE 100 <\/strong>always in long with a small bear inside bar high in a trading range. The bulls see a pullback and want a reasonable buy signal for a continuation higher, and they might get it. The bears wanted a second entry sell signal but the bar closed above it&#8217;s midpoint so they might be hesitant to sell here. More likely buyers below and sellers above so sideways to up next month.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FTSE 100 Futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range.jpg\" alt=\"FTSE 100 Always in Long, High in Trading Range\" class=\"wp-image-167653\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Always in Long, High in Trading Range<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> last month was a bear inside-bar, closing above its midpoint with a tail below. We are still always in long.<\/li>\n\n\n\n<li>It&#8217;s not a good enough sell signal, so more likely buyers below are betting on continuation higher.<\/li>\n\n\n\n<li>But its a bear bar, so, not a great buy signal, either.<\/li>\n\n\n\n<li>We are still on the double bottom buy signal from 2 months ago, so last month was a pullback.<\/li>\n\n\n\n<li>The bulls see we are always in long, consecutive bull bars. They see a pullback and expect a second leg. <\/li>\n\n\n\n<li>They see a breakout and have not yet tested the breakout point, so it is still more bullish.<\/li>\n\n\n\n<li>But high in a trading range, it would be a higher probability to wait for a breakout or a two-legged pullback.<\/li>\n\n\n\n<li>The bears see a second entry short, but it&#8217;s a bad sell signal. They might consider selling above this bear bar, betting on a failed breakout of the trading range.<\/li>\n\n\n\n<li>The bulls want a second leg, and they might get it. The bears didn&#8217;t do enough to attract sellers yet. But they need a close above the prior range to the left.<\/li>\n\n\n\n<li>Bears see a failed breakout above the trading range and will sell new highs. Because 80% of breakouts fail, it is a reasonable strategy.<\/li>\n\n\n\n<li>If you had to be long or short, it&#8217;s better to be long. Bulls can exit below a bear bar. Too early to sell on close. But bears can look to sell above on a limit or momentum if the 2nd entry sell follows through.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short.jpg\" alt=\"FTSE 100 Spike and Channel or Second Entry Short\" class=\"wp-image-167649\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Spike-and-Channel-or-Second-Entry-Short-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Spike and Channel or Second Entry Short<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.londonstockexchange.com\/indices\/ftse-100\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> last week was a bear doji with tails above and below. <\/li>\n\n\n\n<li>It closed below its midpoint, so it&#8217;s a bear bar. But it is not a strong sell signal. <\/li>\n\n\n\n<li>It looks like we have been going sideways for six weeks.<\/li>\n\n\n\n<li>We triggered a High 1 buy signal above last week, but only limit order bears were there, not buyers. <\/li>\n\n\n\n<li>The bulls might need a High 2 or consecutive bull bars to step in. We might form a wedge, High 3, before they feel confident again.<\/li>\n\n\n\n<li>The bulls see a spike and channel bull trend, a pullback to the moving average, but it lacked follow-through. They think we are forming a bull flag.<\/li>\n\n\n\n<li>The bears see a second entry short, a possible double top, or a micro double top high in a trading range.<\/li>\n\n\n\n<li>But the small tail below the bar suggests they are hesitant to sell. It&#8217;s a bad buy above this bar, so it might be a better place to sell.<\/li>\n\n\n\n<li>The bulls want a pullback to the moving average for a buy setup. They broke a prior high and want to continue higher. But it is the top of a trading range so that we might continue up in a channel.<\/li>\n\n\n\n<li>We were always in long until the pair of bear bars. Always in bulls will need consecutive bull bars to get in again.<\/li>\n\n\n\n<li>Ok, to sell for a scalp back to the moving average, but the probability is still on the long side.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: FTSE 100 Futures FTSE 100 always in long with a small bear inside bar high in a trading range. The bulls see a pullback and want a reasonable buy signal for a continuation higher, and they might get it. The bears wanted a second entry sell signal but the bar closed above it&#8217;s [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":167653,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1697,136],"tags":[1901,1699],"class_list":{"0":"post-167491","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ftse-100","8":"category-analysis","9":"tag-always-in-long","10":"tag-ftse-100","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/01\/FTSE-100-Always-in-Long-High-in-Trading-Range.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/167491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=167491"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/167491\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/167653"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=167491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=167491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=167491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}