Market Overview: DAX 40 Futures DAX futures went higher last week with a small bull bar at the 18000 magnet. It’s a pullback and a pause after a big volatility expansion last week. Always in short on the daily chart and lower third of a trading range on the weekly, so probably buyers not far […]

Market Overview: DAX 40 Futures DAX futures went lower last week with a failed bull breakout, pulling back to the MA after three legs up. It was a double top, and we will likely form a trading range up here between 18000 and 19000. The bulls want a double bottom test of the high and […]

Market Overview: DAX 40 Futures DAX futures rose last month with a potential failed breakout in a bull channel. A likely parabolic wedge top, a stronger breakout on a higher time frame, and traders wonder how much of the breakout gap will stay open. Bulls are sitting on good profits, but bears haven’t triggered a […]

Market Overview: DAX 40 Futures DAX futures went sideways last week, with another doji in a pullback after a breakout. After a strong bull breakout to a new high and a great entry bar for the bulls, those bulls are wondering how much higher. Bears have nothing to sell, but we might drift back to […]

DAX 40 Bull Channel, Leg 2, Sideways, Open BO Gaps

Market Overview: DAX 40 Futures DAX futures went higher last week in a bull spike and channel. Its had two clear legs up which were very steep. Bears got two legs sideways which could be the end of the second leg. It is important to see if bulls create a follow-through bar next week as […]

Market Overview: DAX 40 Futures DAX futures went lower last month with a bear outside bar closing on its midpoint. It is sideways after a strong bull spike and possibly two legs up. It could be time for a correction, but without a decent sell signal, it might transition into a broader channel instead. DAX […]

Market Overview: DAX 40 Futures DAX futures went higher forming a High 1 from a reversal up from 18000. Such a strong spike needed a correction and the pullback was deep. It might need a second leg sideways to down before bulls buy again. The moving average is just below and there are likely buyers […]

Market Overview: DAX 40 Futures DAX futures had a strong pullback end last week and went sideways with a bear doji. Friday was a strong reversal bar that hit bear targets. This is a weak bar for stop-entry traders. We will likely form a trading range around this price and 18000. It is strong enough […]

Market Overview: DAX 40 Futures DAX futures pulled back again last week after consecutive bars in an overdone bull spike. We raced past 18000 and now came back to visit. Bears will likely get a second leg sideways to down but it has been quite lonely to sell in this environment for bears so better […]