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 […]
FTSE 100 Tight Bull Channel, Leaving BOM or DT?
Market Overview: FTSE 100 Futures FTSE 100 futures went higher in a tight bull channel as we left breakout mode with several small consecutive bars higher. Bears want a sell signal to fade the top of the trading range, but we are now getting many small bars, so it could be the first leg of […]
DAX 40 Low 1 Buy in Bull Microchannel, Double Top
Market Overview: DAX 40 Futures DAX futures went sideways with a Low 1 in a Bull Microchannel. It was a failed breakout above the prior trading range, but most traders expect more now or after a short pause. Because bulls have a higher probability, their stop is far away, and they need a higher low […]
DAX 40 First Reversal Attempt, High in Bull Breakout
Market Overview: DAX 40 Futures DAX futures went sideways last week with the first reversal attempt by the bears high in a bull breakout – a bull microchannel. The market rushed strongly to 17000- so we went 2000 points straight up. The market might need to go sideways to work out the next direction. Bulls […]
FTSE 100 Bear Reversal Bar With Big Bull Breakout
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a bear reversal bar. It was a bull doji but with a collapse on Friday evening. We are still in a tight channel but disappointing FT for the bulls, so likely buyers below not above. Nothing to sell for bears yet, but […]
DAX 40 All Time High, Bull MC, Top of Expanding Triangle
Market Overview: DAX 40 Futures DAX futures hit a new All Time High on Wednesday and then again on Friday. It’s strongly bullish but also at the top of an expanding triangle, so far away stop, traders should consider trading another timeframe where they can manage risk more easily. But until the bears do something, […]
FTSE 100 Bull Closes Above MA, High 2, Triangle
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a bull doji and now two bull closes above the MA. We are still at the apex of a triangle, and BOM will finish soon – or so traders think. Bulls have a small pullback trend on the daily chart, and buyers […]
FTSE 100 Bull Inside Bar at MA, BOM, Trendline
Market Overview: FTSE 100 Futures FTSE 100 futures was a bull inside bar on the monthly chart. Inside bars, MA, triangles, think breakout mode (BOM) and sit on the hands until a clear entry sets up. Bulls might have a High 2 above the MA, but the bear channel is tight, and the first reversal […]
DAX 40 Bull Trend Bar above MA, Test Highs
Market Overview: DAX 40 Futures DAX futures had a bull trend bar last month, closing on its high. It is a buy signal for next month, but the 1:1 target would be a new ATH. It is also reasonable that if we get up to the high of that sell climax, those 3 bear bars, […]
