Market Overview: DAX 40 Futures DAX bad follow-through with two dojis now after a bull breakout from the moving average. The bulls moved the price higher, but with dojis now expect some trading range price action. We have already begun an expanding triangle, so we could even get a fast move down. But without any […]
DAX 40 Bad Follow-through from Bull Breakout
Market Overview: DAX 40 Futures DAX futures had bad follow-through from bull breakout last week — a tiny bear doji. The trend has been strong since October, and we might be in the final flag before the last leg. The bears want to trap the bulls high and reverse back to the moving average. But […]
DAX 40 Outside Up, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month, with a Dax 40 outside up bull bar closing on its highs. It is a strong leg from the bulls, so it is still reasonable to make money buying closes and scaling in lower. But bears know we are in a tight trading range […]
DAX 40 Bull Doji Closing above 20-Week MA
Market Overview: DAX 40 Futures DAX futures moved sideways last week with a bull doji closing above the 20-Week MA. The bears have been unable to get follow-through for many months and have been scalping out at the MA. This leg has the best chance of a small leg sideways to down. But the best […]
DAX 40 Pause at 20-Bar Moving Average
Market Overview: DAX 40 Futures DAX futures moved down to the 15000 Big Round Number last week. We closed as a pause at 20-bar Moving Average. It is a test of the breakout point, and judging by the tail on the bar, there were many bulls happy to buy here and lower for one more […]
DAX 40 Tight Trading Range and Possible Final Flag
Market Overview: DAX 40 Futures DAX futures moved lower last week with a bear bar in the middle of the prior week’s strong bull bar. Its alternating bars, a Dax 40 tight trading range and a place of agreement for traders. This will form a magnet when we move away from here. The bulls see […]
DAX 40 Tight Bull Channel, Back in Tight Trading Range
Market Overview: DAX 40 Futures DAX futures moved higher last month in tight bull channel but back in tight trading range with large tail above on monthly chart. Bears are looking to sell high in the prior range, betting we will not break far above the All-time High. Bulls are in a tight channel and […]
DAX 40 Big Bear Bar Closing at Last Week’s Low
Market Overview: DAX 40 Futures DAX futures last week was a big bear bar closing at last week’s low. Since October, it has been tough to be a bear. Limit bears couldn’t even make money selling prior highs. This might have become climactic, and as bulls take profits, bears might sell second-entry signals around here. […]
DAX 40 Micro Double Top at Measured Move Target
Market Overview: DAX 40 Futures DAX 40 micro double top at a measured move target. It’s a tight bull channel that is slowing down, and we might need to go sideways for profit-taking next week. The daily chart is forming a possible head and shoulders top, which could signal a two-legged pullback. The lack of […]
DAX 40 Bull Micro Channel Possible Wedge Top
Market Overview: DAX 40 Futures DAX futures was a bull micro channel and a possible wedge top. It is a low probability sell signal, taking a chance that it is a wedge and failed breakout above a double top. But most traders expect higher prices, so bulls will scale in lower, knowing it is unlikely […]
