FTSE 100 Futures<\/h2>\n\n\n\nThe Monthly<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-Bear-Inside-Bar-Bull-MC-Near-MM-Targets.jpg\" "\\"\\"")
<\/a>FTSE 100 Bear Inside Bar, Bull MC, Near MM Targets<\/figcaption><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The FTSE 100 futures<\/a> went sideways last month with a bear inside bar.<\/li>\n\n\n\n
- It’s a pause in a tight channel and a bull breakout to a new ATH.<\/li>\n\n\n\n
- The bulls see a bull microchannel, a breakout and FT, with open gaps above the breakout point.<\/li>\n\n\n\n
- Bull microchannel, so buyers are below. Expecting more up, traders will buy below the lows of the strong bull bars.<\/li>\n\n\n\n
- It looks like we have completed the second leg, so we might go sideways for a month or two before the last leg up.<\/li>\n\n\n\n
- The first leg was the breakout and pullback from the bull flag. The March leg was strongest, coming out of a trading range and breaking out of breakout mode.<\/li>\n\n\n\n
- The bears see May had a big tail on it. Some computers will see it as a bear bar because it closed below its midpoint.<\/li>\n\n\n\n
- But it is a weak Low 1 sell below it. But now, with an inside bar, some limit order bears might look to scale in selling below and higher.<\/li>\n\n\n\n
- Most traders should be long or flat, as we are always in long in a bull trend.<\/li>\n\n\n\n
- Stop-entry traders who entered above April are having their entries tested. They want one more bar or one more leg.<\/li>\n\n\n\n
- But the bears have not triggered below a bear bar since May 2023. So, buyers are more likely to be below and scaling in lower.<\/li>\n\n\n\n
- The counterargument is that we have reached a reasonable 2:1 swing target area for bulls, so there is profit-taking. Some bulls want to buy lower, closer to the moving average.<\/li>\n\n\n\n
- The market went always in long, and has no pullbacks yet. This month is returning to that point, so it is a credible buy for one more bar.<\/li>\n\n\n\n
- Monday is the start of the month, quarter, or half-year, so it could be very aggressive for buyers or sellers.<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> FTSE chart<\/h3>\n\n\n\n![\"FTSE](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/FTSE-100-Sell-Signal-Bar-in-Pullback-Parabolic-Wedge-Top.jpg\" "\\"\\"")
<\/a>FTSE 100 Sell Signal Bar in Pullback, Parabolic Wedge Top<\/figcaption><\/figure>\n\n\n\n
<\/a><\/div>\n\n\n\n
- \n
- The FTSE 100 futures<\/a> went sideways last month with a bear inside bar.<\/li>\n\n\n\n
- It’s a pause in a tight channel and a bull breakout to a new ATH.<\/li>\n\n\n\n
- The bulls see a bull microchannel, a breakout and FT, with open gaps above the breakout point.<\/li>\n\n\n\n
- Bull microchannel, so buyers are below. Expecting more up, traders will buy below the lows of the strong bull bars.<\/li>\n\n\n\n
- It looks like we have completed the second leg, so we might go sideways for a month or two before the last leg up.<\/li>\n\n\n\n
- The first leg was the breakout and pullback from the bull flag. The March leg was strongest, coming out of a trading range and breaking out of breakout mode.<\/li>\n\n\n\n
- The bears see May had a big tail on it. Some computers will see it as a bear bar because it closed below its midpoint.<\/li>\n\n\n\n
- But it is a weak Low 1 sell below it. But now, with an inside bar, some limit order bears might look to scale in selling below and higher.<\/li>\n\n\n\n
- Most traders should be long or flat, as we are always in long in a bull trend.<\/li>\n\n\n\n
- Stop-entry traders who entered above April are having their entries tested. They want one more bar or one more leg.<\/li>\n\n\n\n
- But the bears have not triggered below a bear bar since May 2023. So, buyers are more likely to be below and scaling in lower.<\/li>\n\n\n\n
- The counterargument is that we have reached a reasonable 2:1 swing target area for bulls, so there is profit-taking. Some bulls want to buy lower, closer to the moving average.<\/li>\n\n\n\n
- The market went always in long, and has no pullbacks yet. This month is returning to that point, so it is a credible buy for one more bar.<\/li>\n\n\n\n
- Monday is the start of the month, quarter, or half-year, so it could be very aggressive for buyers or sellers.<\/li>\n\n\n\n
- Expect sideways to up next week.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> FTSE chart<\/h3>\n\n\n\n
<\/a>FTSE 100 Sell Signal Bar in Pullback, Parabolic Wedge Top<\/figcaption><\/figure>\n\n\n\n