Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a trading range bar in breakout mode. Small body, hovering above the MA, so traders bought support and likely expect us to go sideways to up from here. Bears did what they needed to, which was to close the gaps. But more […]
FTSE 100 Microchannel, Open Breakout Gap, Outside Bar
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last month above the prior inside bar, breaking a bull microchannel. Traders expect more, but that can mean a pullback first to 50% or closing the breakout gap below. It is too high to buy up here, but traders might buy the new high with […]
FTSE 100 High 2 at MA in Bull Trend, TTR, BO Gap
Market Overview: FTSE 100 Futures FTSE 100 futures closed higher last week setting up a High 2 at the moving average in a bull trend. With a strong bull breakout on the monthly, we expected this tight trading range to make way for continuation, and it looks like it for next week. It’s best to […]
FTSE 100 Open Breakout Gap, Bulls Swing, Bears Scalp
Market Overview: FTSE 100 Futures FTSE 100 futures went lower last week with an open breakout gap and BOM after a strong bull spike. TTR is also on the lower time frame, so it is time for the next pattern to start with a good breakout. But traders should wait for a BO and FT […]
FTSE 100 Trend Resumption Likely After Bears Failed, TTR
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week, setting up a possible High 2 and trend resumption. Bears needed to do more below bear bars, and the tails showed eager bulls. They could still attempt the second leg down, but the traders equation is not very good, better to be long […]
FTSE 100 Tight Trading Range, Above Support
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week again, with a tight trading range in BO mode. The bears had a chance to pull back the market, but the buying has been relentless. You don’t want to trading countertrend with open breakout gaps below, the probability isn’t worth it. But the […]
FTSE 100 Bear Inside Bar, Bull MC, Near MM Targets
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last month with a bear inside bar high. The pullback hasn’t appeared on this time frame yet, so it’s still always in long, and the first reversal is likely to be minor. Weekly bears are trying to close gaps below, but its more likely profit-taking […]
FTSE 100 Breakout, Two Legs Sideways to Down, High 2
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week, reversing the week before. Two legs down after a very strong breakout. The bears want a third leg, but with the daily chart going always in long, it would be better to be long or flat next week. It can go sideways, but […]
FTSE 100 Second Leg Down, Test Breakout Point
Market Overview: FTSE 100 Futures FTSE 100 futures went lower last week, with a second leg down in a strong pullback from the ATH. We are always in short on the daily chart, which is likely to become a bull flag on this chart. But it’s disappointing for the bulls, who should not have let […]
FTSE 100 ATH, Bull Channel, Sideways Expected
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last month in a bull channel, but the bar had a big tail. Who is selling? Bulls are taking profits after a strong breakout. Bears want to close the breakout gap, and bulls want a pullback to buy again. We have been in a trading […]
