Market Overview: DAX 40 Futures DAX futures moved back down last week with a bear bar below the MA, which could be a DT bear flag but more likely BOM. When the outside down bar got FT, it set a target below, which could give us one more bear bar. But the FT has disappointed […]
FTSE 100 Big Expanding Triangle, DT and 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with another pause in an expanding triangle pattern. But after 4 consecutive bull bars, it will be tough for bears to do too much damage. Strong micro gaps below, so many reasons to be long. Bears hope to trap bulls here and return […]
FTSE 100 Weak Signal, Strong Bull BO or LH DT?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a weak signal bar that turned into a strong bull BO. We said last week the pain trade might trap traders and it did. The bears wanted the LH and break below but too much buying pressure at the higher MAs below. […]
DAX 40 Big Bull Outside Up, Closing Above MA and in TTR
Market Overview: DAX 40 Futures DAX futures moved higher last week with a bull outside up bar closing above the MA and back in the middle of the TTR. Most bulls will want to see a consecutive bull close above the MA to get back to always in long. Some bulls are stuck high after […]
DAX 40 Bear Close Under MA – 2nd Leg Down or Reversal
Market Overview: DAX 40 Futures DAX futures moved sideways to down last week with a bear close under the MA but could not get far below just yet. The bulls want this to be a bull flag, and then BO and move back to test the highs. The bears see a HTF trading range, and […]
FTSE 100 Big Triangle at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher into the apex of a larger triangle pattern on the weekly chart. It is breakout mode (BOM). Traders can be long or short, but most should be flat right now. Bears want a break below and a MM down. Probably sellers above the doji. Bulls […]
DAX 40 Middle of Expanding Triangle, TTR, DT
Market Overview: DAX 40 Futures DAX futures moved lower last month to the middle of an expanding triangle. It is a TTR and BOM, so most traders should wait for more information. The bears were able to get below the low of the prior month but only found buyers. Any bulls that bought in July […]
FTSE 100 Wedge Bull Flag at MA, TR
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month, the third push down, so bulls see a wedge bull flag. We paused at the MA, and we have been going sideways for over a year now. Traders are buying below bars and selling above bars as the market lacks strong momentum. Most […]
FTSE 100 Small Inside Bar at Support, LL DB
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a small inside bar, a bull bar. It is a pullback, and traders will expect a test of the low close or even to see what is below the big bear bar earlier. We are at support, a trend line and low […]
DAX 40 Pullback After AIS or Wedge Bull Flag? TR
Market Overview: DAX 40 Futures DAX futures moved sideways last week with a pullback after potentially going always in short. Most traders will wait to see if there is a second leg they can participate in or wait for a buy signal low in a TR. Bulls will still get a MA Gap bar buy […]
