Market Overview: DAX 40 Futures DAX futures has been on a bull streak for the past 9 weeks, but it ended last week with a DAX 40 weak bear bar. The bulls want that to be the first leg of a major reversal. But high in a trading range, they probably won’t get it. The […]
FTSE 100 Bear Inside Bar and Micro DT
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear inside bar and micro double top. It was a pause at 2 measured move targets and a possible double top. But the bull leg is very strong, and with so much urgency, bulls could not even buy below bars. It is likely […]
FTSE 100 Buy Climax at Trading Range Highs
Market Overview: FTSE 100 Futures The FTSE futures market was a possible FTSE 100 buy climax at the trading range highs. We have gone sideways at this price for several years, so we are unlikely to go much higher without coming back down. Traders will be doing the opposite – selling good bull bars and buying […]
DAX 40 Bull Flag Breakout or Good 50% Retracement
Market Overview: DAX 40 Futures DAX futures was a big bull bar closing near its high. It is consecutive monthly bull bars, a DAX 40 bull flag breakout and a High 3 buy, but we are right in the middle of the trading range, forcing traders to make tough decisions. The bulls see the pullback […]
DAX 40 Bull Streak, High in Trading Range
Market Overview: DAX 40 Futures DAX futures have been on a DAX 40 bull streak high in a trading range. Traders will expect the pullback to be minor, but the risk is large for bulls who, up until now, have been buying above bars. The bears see the streak as a bull leg in a […]
FTSE 100 Failed Wedge Top, Always In Long
Market Overview: FTSE 100 Futures The FTSE futures market moved higher with a FTSE 100 failed wedge top and we are still always in long. The bulls have measured move targets just above and want to reach them. They also have some trapped traders from before that might need to get out. The bears shorted the […]
FTSE 100 Follow-Through Buying
Market Overview: FTSE 100 Futures The FTSE futures market had follow-through buying after a bear doji. The bears had a chance to sell strongly but could not prevent a second leg sideways to up. Even with a possible micro wedge, it is not a high probability trade to sell here. The bulls want a push to […]
DAX 40 Tight Bull Channel, Open Gaps on Weekly Chart
Market Overview: DAX 40 Futures DAX futures moved higher again with a Dax 40 tight bull channel with open gaps. The bulls got follow-through buying high in a trading range and might get a second leg up to the top of the range above. The bears have controlled most of the year so they will […]
DAX 40 Bull Breakout Possible Double Top
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 bull breakout possible above a wedge bottom so traders expect two legs sideways to up. The channel is so tight it is climactic, and might form a bull leg in a trading range. It is common in trading ranges for […]
FTSE 100 Measured Move Target, Always in Long
Market Overview: FTSE 100 Futures The FTSE futures market paused last week at a FTSE 100 measured move target, and we are still always in long. Although sideways on the weekly, the daily chart is a small pullback bull trend, nearly parabolic. The higher we get, the more bears will get short, but currently, no stop-entry […]
