Market Overview: FTSE 100 Futures FTSE 100 futures moved a lot higher last week with a huge bull surprise breakout. We have been in breakout mode for many months, really, but finally, it broke to the upside strongly. It looks like the bull channel will resume here. Bears want this to be a large double […]
DAX 40 Consecutive Bull Bars, Overshoot MM Target
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 […]
DAX 40 Measured Move Overshoot, Around 18000
Market Overview: DAX 40 Futures DAX futures moved higher last week with a measured move overshoot from a bull bar with tails above and below. The bears have nothing on the weekly so more up likely. The daily chart is starting to show signs of trading range action but expect buyers at 18000 and the […]
FTSE 100 High 2 Triggers But Bear Bar, Always In Long
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week when the High 2 was triggered. It looks like a bull breakout of BOM in a broad bull channel. Sloping up MA and big bull bars over the MA are good signs for buyers at the MA and lower. MM targets up are […]
DAX 40 Bull Spike at Big Measured Move Target, Sideways Likely
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji in a bull spike. it is the second leg in their new push from October. Traders expected a big second leg and they got it. There are no sell signals, so it is likely to go higher. But at HTF, […]
FTSE 100 50% Pullback, But Outside Bar, Weak Signal
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a 50% pullback to the MA. Its starting to resume the broad bull channel, so it’s better to be looking to buy pullbacks and around the MA. It has been doing this for some time while still in breakout mode. Bears can […]
FTSE 100 High 2 in Bull Trend, Expect More Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month in a doji after a High 2 in a small pullback bull trend. Tight trading range and many dojis but bull breakout and follow-through closing on their highs and above the MA so better to be long or flat. Bears can argue a […]
DAX 40 Bull Breakout Above Inside Bar
Market Overview: DAX 40 Futures DAX futures went higher last month with a bull breakout. Bears failed to get a double top and turn the trend into a trading range. Bulls will buy below and scale in, expecting the breakout gap to hold. Some bears sold the 3 bear bars and are scaling-in higher. It […]
DAX 40 Breakout and MM Targets Above, ATH
Market Overview: DAX 40 Futures DAX futures moved higher in a bull breakout last week. Consecutive bull bars at a new ATH, so most traders should be long or flat. We are starting to get a lot of sideways price action, so it is a channel, and many bulls will scale-in lower and scale-out at […]
FTSE 100 Pause After Buy Signal, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways to up last week after a slight pause above the MA. The bulls managed to get a strong spike earlier, and now it looks like we have bull follow-through. Most traders are hesitant to hold while in a triangle and BOM. I think we are […]