Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week after a dip down with an outside up bar closing on its high. Swing bulls are still in their longs and have been buying the 200 MA as support. The top third of a trading range, so we will see next week if […]
DAX 40 Bull Breakout, New High, Close Inside TR
Market Overview: DAX 40 Futures DAX futures moved up last week with a bull outside bar and bull breakout, but the close was inside the prior range. Spike and channel bull trend, so bulls are perhaps buying lower and scaling out at new highs. Although with so little bear pressure, bulls will buy strong bull […]
FTSE 100 Second Entry Short, But Closing on MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a bear outside down bar, a second entry short in a trading range. It’s a broad bull channel, and so bulls and bears can make money. Neither side is trapped yet, so we are sitting between 7000 and 8000. I prefer to […]
DAX 40 Expanding Triangle, Bull BO in Bull Channel
Market Overview: DAX 40 Futures DAX futures moved sideways last week in an expanding triangle and a bull breakout in a bull channel. The bulls got a good buy signal, but we haven’t raced up yet. because we are in the channel phase and traders are buying lower and taking profits at highs. Bulls are […]
DAX 40 Bull Channel, ATH, Sideways Above Strong Pullback
Market Overview: DAX 40 Futures DAX futures went sideways last month with a small bull inside bar high at the top of a bull channel. The bears got 3 good bear bars and tried to create a double top. But they weren’t able to get a follow-through barb under the MA. Strong bull bars above […]
FTSE 100 High 2 Breakout Pullback, 2nd Leg Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month with a bear outside bar, unable to close below the MA in a breakout pullback. It looks like a swing-long setup, but traders have been in a TTR for a long time, so they might wait for more confirmation or urgency. Bears have […]
FTSE 100 Strong Reversal Up From Triangle Apex
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a two-bar strong reversal, closing above the 20-MA. The bulls need a good follow-through bar here to convince traders it is always in long. But the bears got 3 bars in a row, so they probably need one more bar themselves. We […]
DAX 40 High 2 Buy, Highest Close, 2nd Leg Up or Test
Market Overview: DAX 40 Futures DAX futures increased last week with a strong buy signal, a High 2 buy setup, closing above the last strong bull bar in the prior spike. The bears tried to get a strong reversal, but you can see the tail below as traders tried to scale into another move. Some […]
FTSE 100 Triangle, Bull Breakout Test of 100-Week MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week back top test the apex of the triangle and the 100-week moving average (MA.) Deep pullbacks, disappointment and strong near the extremes. Trading range price action. That could lead to buyers here, as buying this MA has been a good trade historically. FTSE […]
DAX 40 Bull Flag, High in Trading Range, Micro Wedge
Market Overview: DAX 40 Futures DAX futures moved lower last week in a bull flag with a bear doji. Sideways price action after a big move up. Price had a hard time getting through 17000 last time. The bulls want a good double bottom here to move higher. It’s still above the 200, so most […]