Market Overview: FTSE 100 Futures The FTSE futures market has had shrinking volatility into breakout mode into a triangle near the MAs. While we will probably get a move up and a move down, until the bears break strongly below that bull trend line, the scale in bulls will continue to strongly buy lows and scalp. […]
FTSE 100 Confusing BOM Between 2 Moving Averages
Market Overview: FTSE 100 Futures The FTSE futures market is in breakout mode (BOM) between 2 moving averages. The market is deciding where to go from here. There is a DB and a DT. It can be a wedge bull flag or a wedge bear flag. Take your pick! On this timeframe 50/50 so better to […]
FTSE 100 BOM High in Trading Range, High 2
Market Overview: FTSE 100 Futures The FTSE futures market moved higher on the monthly chart with BOM and a High 2 setup. We have been going sideways for many months at the top of the prior trading range. The moving averages are pointed up, so it is a tight channel that is starting to flatten out. […]
FTSE 100 Big Expanding Triangle, DT and 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market went sideways last week with another pause in an expanding triangle pattern. But after 4 consecutive bull bars, it will be tough for bears to do too much damage. Strong micro gaps below, so many reasons to be long. Bears hope to trap bulls here and return […]
FTSE 100 Weak Signal, Strong Bull BO or LH DT?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a weak signal bar that turned into a strong bull BO. We said last week the pain trade might trap traders and it did. The bears wanted the LH and break below but too much buying pressure at the higher MAs below. […]
FTSE 100 Big Triangle at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher into the apex of a larger triangle pattern on the weekly chart. It is breakout mode (BOM). Traders can be long or short, but most should be flat right now. Bears want a break below and a MM down. Probably sellers above the doji. Bulls […]
FTSE 100 Wedge Bull Flag at MA, TR
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month, the third push down, so bulls see a wedge bull flag. We paused at the MA, and we have been going sideways for over a year now. Traders are buying below bars and selling above bars as the market lacks strong momentum. Most […]
FTSE 100 Small Inside Bar at Support, LL DB
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a small inside bar, a bull bar. It is a pullback, and traders will expect a test of the low close or even to see what is below the big bear bar earlier. We are at support, a trend line and low […]
FTSE 100 Big Break Below 100-Week MA, Magnets Below, LH DT
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a surprise bar and a break below the 100-week MA. Bulls have been buying here and lower and will likely buy the trendline as well. The bears see a possible LH DT and want a measured-move down. The best they might get […]
FTSE 100 Weak Bear Inside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved sideways-to-down last week with a bear inside bar. On the daily, we were up most of the week and dropped back on Friday. Classic trading range price action. Disappointing follow-through is a sign to scalp on these timeframes. That means the day session will have very […]