Market Overview: FTSE 100 Futures FTSE futures market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, […]
FTSE 100 Big Bear Breakout of Inside Bar at MA
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a FTSE 100 big bear breakout of an inside bar. We are at a 50% pullback of the prior bull leg sitting on the moving average (MA) and at the prior high of the 18-month trading range. We might need to go […]
FTSE 100 Bull Channel, Failed High 1 Buy
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways in the late stage of a broad FTSE 100 bull channel. It was a failed High 1 buy above a bear micro channel, and the bears should get a little more down. The bulls want to get a second leg after a strong move up […]
FTSE 100 Bull Flag, LH DT, High in Trading Range
Market Overview: FTSE 100 Futures The FTSE futures market formed a FTSE 100 bull flag with a lower high double top (LH DT). The price moved lower, but the tails tell us bears were scalping and ran into the scale-in bulls. After a strong micro channel, traders bought below the low and will buy 50%, expecting […]
FTSE Head and Shoulders Top or High 1 Buy?
Market Overview: FTSE 100 Futures The FTSE futures market formed a possible FTSE head and shoulders top on the weekly chart. The bulls want a High 1 buy above the pullback, but they might wait for a better entry bar. The bulls want a strong close or double bottom above the prior trading range high from […]
FTSE 100 Small Pullback Bull Trend, Double Top
Market Overview: FTSE 100 Futures The FTSE futures market has been in a small pullback bull trend since COVID. We moved higher last month, retracing the deep 50% pullback in March. The bears are happy with the sell-off before and will look to sell above February. The bulls will buy all pullbacks to the moving average […]
FTSE 100 Closed Bear Breakout Gap in Tight Range
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week as bulls closed the bear breakout gap. Longer-term bulls bought the 200-week MA and are sitting on big profits. The bear spike down was strong enough, so likely sellers above and near the highs, so we might need to go sideways here. Expect […]
FTSE 100 Big Bull Micro Channel Testing BO Point from TTR
Market Overview: FTSE 100 Futures The FTSE futures market has been in a big bull micro channel since it hit the 100-week MA. We now have 2 open micro-gaps between the weeks, creating a layer of support at the prior top of the trading range. This supports the bull case for going higher. The bears know […]
FTSE 100 Bull Breakout to Sell Climax High
Market Overview: FTSE 100 Futures The FTSE futures market was a big bull breakout and follow-through. We are testing with breakout to sell climax high where trend trading bulls were expecting a move up. They got trapped and now we might let them out. Though the bars are so strong some might hold for a test […]
FTSE 100 Failed Breakout or 50% Pullback
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month with a FTSE 100 failed breakout, a bear doji bar with a big tail. It is a pullback from the bull trend, and there were buyers below the moving averages. Some traders bought the breakout early and needed to scale in to make […]
