Market Overview: DAX 40 Futures DAX futures continued up last week with a breakout follow-through, creating a microchannel (MC) with a breakout gap (BO Gap.) We are always in long, so traders should be long or flat. Now we have a small signal bar – small risk. That increases the chance of a test above […]
FTSE 100 Breakout Pullback, Small Gap at MA
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week with a breakout and a pullback, creating a small gap. The pattern is fractal, doing the same thing on the lower timeframe, the daily chart. Traders are deciding if we are swinging up or down. Because bears and bulls are still in, scalpers […]
DAX 40 Bull Breakout and FT, Testing TTR
Market Overview: DAX 40 Futures DAX futures rocketed higher last week with a bull breakout, 5 bull days reaching a measured move target. It was 3 pushes down, a wedge bottom and a test of the swing low in a trading range. A type of double-bottom buy setup. But the failed sell signals on the […]
FTSE 100 High 2, Bull Breakout of Inside Bar
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a bull breakout of an inside bar, a High 2. It is still BOM on the weekly chart, but the daily bulls are getting buy signals. After getting another always-in-short signal, the bears want the price to fail at the MA and […]
EURUSD Weekly Low 2 at Moving Average, DB or Breakout Mode?
Market Overview: EURUSD Forex The EURUSD Forex market moved lower last week, with bulls unable to close above the MA in what could be breakout mode. It is a High 2 on the Daily chart and a Low 2 on the Weekly chart – ie confusing. It is also a big expanding triangle, and we […]
DAX 40 Strong Reversal Up, Weak FT, Head to MA
Market Overview: DAX 40 Futures DAX futures went higher last week with a bull doji – weak follow-through after a strong reversal up. The bulls want a move back to the MA, which is likely with such a bull trend bar. Some bears will sell the MA, while others are trapped trying to sell above […]
FTSE 100 Bear Inside Bar Under 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market went slightly lower last week with a bear inside bar. Bears have had trouble breaking below this low, but keep getting bars under the MA. The risk/reward favours the bulls who want a move up, betting that we will not get another low in the year. Bulls […]
FTSE 100 Broad Bull Channel, Wedge, BOM at MA
Market Overview: FTSE 100 Futures The FTSE futures market pulled back to below the MA in a broad bull channel. Its breakout mode, and maybe 3 pushes down after a bull spike. Traders bought the High 2 buy setup at the 100-month MA, selling above the high of the COVID crash. Longer-term buyers are probably waiting […]
DAX 40 Bear Spike, Breaking Swing Low, TR
Market Overview: DAX 40 Futures DAX futures printed 3 bear bars on the monthly chart, a bear spike, for the first time since 2019. When the market has a moment of clarity, it usually pulls back. When it doesn’t, it creates a magnet to test later. We’re low in a tight bull channel, so traders […]
DAX 40 Breakout Below a Wedge, MM Target, AIS
Market Overview: DAX 40 Futures The DAX future chart has a breakout below a wedge on the weekly chart. It was a bear bar following another bear bar, so there was nothing to buy here. The stop is far away, and no opposite signals yet, so the probability is to lower prices. We might need […]
