Market Overview: DAX 40 Futures DAX futures was a bull bar at a prior breakout point and at the moving average. It’s a tight trading range on the lower timeframes as traders decide where we are going. The bulls see a weekly major trend reversal and a developing small pullback bull channel. The bears see […]
FTSE 100 bull doji high in trading range
Market Overview: FTSE 100 Futures The FTSE futures market was a bull doji high in a trading range. Limit order traders have been making money on the higher timeframes and until they stop doing so we will go sideways. On the weekly timeframe stop entry traders can make money if they buy low sell high and […]
DAX 40 bull surprise bar at 20-week MA
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 bull surprise bar at the 20-week moving average (MA). It looks like we are always in long on the daily chart but we have been going sideways here for many weeks so no matter how bullish it looks so can […]
FTSE 100 bull breakout from tight trading range
Market Overview: FTSE 100 Futures The FTSE futures market raced higher with a FTSE 100 bull breakout, 6 bull bars on daily chart, so we are always in long on the daily timeframe. The tight trading range was in the middle of a larger trading range so traders should expect scalping to continue and take quick […]
FTSE 100 tight trading range at 20-week MA
Market Overview: FTSE 100 Futures FTSE 100 tight trading range with market moving sideways last week as traders decide on a direction. We have had at least 2 breakouts in either direction so we can expect more sideways trading next week. It is a tightening range on the daily which is favoring limit order traders […]
DAX 40 double bottom in bear channel
Market Overview: DAX 40 Futures DAX 40 futures moved slightly higher last week with a DAX 40 double bottom in a bear channel. It is a tightening range so it’s breakout mode. It looks more bullish on the daily chart however with a possible higher low major trend reversal. The bulls want some follow through […]
DAX double bottom in broad bear channel
Market Overview: DAX 40 Futures DAX futures moved higher last week with a possible DAX double bottom in a Broad Bear Channel. The bulls see a possible major trend reversal above the high of this week but the context is bad in a broad bear channel. The bears expect to sell above bars again this […]
FTSE High 2 possible at 20-week moving average
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with a FTSE High 2 possible at the 20-Week Moving Average (MA.) We said last week a fifth bear bar on the weekly was unusual and traders expected a pullback. The bulls see a pullback from a tight channel up to the range […]
DAX 40 bear channel near February close
Market Overview: DAX 40 Futures DAX futures moved lower last week with a DAX 40 bear channel near the February close and near the 200-week moving average (MA). The bears want a breakout below the February low down to a measured move target near October 2020. The bulls want a higher low major trend reversal, […]
FTSE 4th bear bar pausing at 20-week MA
Market Overview: FTSE 100 Futures The FTSE futures market had a 4th bear bar pausing at the 20-week moving average (MA). We are moving down from a wedge reversal at the top of a trading range. Traders are deciding if we will get a measured move down to the March lows or get a second leg […]