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 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 […]
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 […]
DAX 40 IOI – Final Flag or Breakout Mode Reversal
Market Overview: DAX 40 Futures DAX futures went sideways last week with an inside-outside-inside pattern (ioi.) The bulls see a final flag before one more leg up. The bears see a parabolic wedge, a tight channel up at the top of an expanding triangle. No good signals in 5 bars is TR price action, so […]
FTSE 100: Sell Signal Triggered, Breakout Pullback
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week, triggering a sell signal. The bulls got a streak out of the apex of a triangle, and we expected a test back down to the BO point. We touched the channel line again, and bulls need to create buying pressure here again to […]
FTSE 100 Low 1 High in TR, Tight Bull Channel
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a Low 1 at the top of a trading range. 5 consecutive higher lows, so we expected there to be buyers below. Weak signal bar for the bears, so we might need to go for a second leg up. Bears want to […]
DAX 40 Bear Outside Down Bar, Bull Flag, Micro DT
Market Overview: DAX 40 Futures DAX futures went lower last week with a bear outside down bar, after a big bull spike. It’s such a strong, bullish move, so there should be a second piece to it. The bears are trying to sell the double top here. They want a deep pullback and a continuation […]
DAX 40 Testing above Bear Microchannel, New ATH
Market Overview: DAX 40 Futures DAX futures moved higher last month, testing above the bear microchannel and creating a new ATH. It did not close strongly above the prior highs, leaving a small tail above. The bears didn’t get a sell signal, so we will likely continue higher to see what is above the highs. […]
FTSE 100 Bull Breakout to Finish 2023, Test Highs
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last month with a bull breakout of a wedge bull flag to finish 2023. Bulls wanted a reasonable buy signal, but last month wasn’t it. Small bull bar closing below the MA – but it worked anyway. We might need to go sideways for bears […]