Market Overview: FTSE 100 Futures FTSE 100 futures moved a lot higher last week with a huge bull surprise breakout. We have been in breakout mode for many months, really, but finally, it broke to the upside strongly. It looks like the bull channel will resume here. Bears want this to be a large double […]
FTSE 100 High 2 Triggers But Bear Bar, Always In Long
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week when the High 2 was triggered. It looks like a bull breakout of BOM in a broad bull channel. Sloping up MA and big bull bars over the MA are good signs for buyers at the MA and lower. MM targets up are […]
FTSE 100 50% Pullback, But Outside Bar, Weak Signal
Market Overview: FTSE 100 Futures FTSE 100 futures went sideways last week with a 50% pullback to the MA. Its starting to resume the broad bull channel, so it’s better to be looking to buy pullbacks and around the MA. It has been doing this for some time while still in breakout mode. Bears can […]
FTSE 100 High 2 in Bull Trend, Expect More Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month in a doji after a High 2 in a small pullback bull trend. Tight trading range and many dojis but bull breakout and follow-through closing on their highs and above the MA so better to be long or flat. Bears can argue a […]
FTSE 100 Pause After Buy Signal, High in TR
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways to up last week after a slight pause above the MA. The bulls managed to get a strong spike earlier, and now it looks like we have bull follow-through. Most traders are hesitant to hold while in a triangle and BOM. I think we are […]
FTSE 100 Outside Up, Swing Buy or Another Triangle
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week after a dip down with an outside up bar closing on its high. Swing bulls are still in their longs and have been buying the 200 MA as support. The top third of a trading range, so we will see next week if […]
FTSE 100 Second Entry Short, But Closing on MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week with a bear outside down bar, a second entry short in a trading range. It’s a broad bull channel, and so bulls and bears can make money. Neither side is trapped yet, so we are sitting between 7000 and 8000. I prefer to […]
FTSE 100 High 2 Breakout Pullback, 2nd Leg Up
Market Overview: FTSE 100 Futures FTSE 100 futures moved sideways last month with a bear outside bar, unable to close below the MA in a breakout pullback. It looks like a swing-long setup, but traders have been in a TTR for a long time, so they might wait for more confirmation or urgency. Bears have […]
FTSE 100 Strong Reversal Up From Triangle Apex
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a two-bar strong reversal, closing above the 20-MA. The bulls need a good follow-through bar here to convince traders it is always in long. But the bears got 3 bars in a row, so they probably need one more bar themselves. We […]
FTSE 100 Triangle, Bull Breakout Test of 100-Week MA
Market Overview: FTSE 100 Futures FTSE 100 futures moved lower last week back top test the apex of the triangle and the 100-week moving average (MA.) Deep pullbacks, disappointment and strong near the extremes. Trading range price action. That could lead to buyers here, as buying this MA has been a good trade historically. FTSE […]