{"id":179850,"date":"2023-06-03T07:00:00","date_gmt":"2023-06-03T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=179850"},"modified":"2023-06-03T02:37:03","modified_gmt":"2023-06-03T09:37:03","slug":"ftse-bear-surprise-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/ftse-bear-surprise-pullback\/","title":{"rendered":"FTSE 100 Bear Surprise Pullback, Buyers at MA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: FTSE 100 Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>FTSE futures <\/strong>market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, maybe 50% of this bar, for a second leg down. Because the gaps are closed, we can expect more trading range (TR) price action and bad follow through.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">FTSE 100 Futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1.jpg\" alt=\"FTSE 100 Bear Surprise Pullback, Buyers at MA\" class=\"wp-image-179892\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bear Surprise and PB, Buyers at MA<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> was a bear bar closing on its low so we might gap down on the 1st.<\/li>\n\n\n\n<li><em>Note that this report was written after the end of the month; we know it did not. In fact, it reversed immediately<\/em>!<\/li>\n\n\n\n<li>The bulls see a small pullback bull trend, a tight bull channel with only one bar below the MA. So it is strong.<\/li>\n\n\n\n<li>The bears see a trading range and a failed breakout above the high.<\/li>\n\n\n\n<li>Stop-order bulls are making money. Limit bulls are making money buying anything bearish and buying below bars and the MA.<\/li>\n\n\n\n<li>Stop-order bears have struggled to make money. Limit order bears are making money &#8211; selling above bars.<\/li>\n\n\n\n<li>Because it is easier to make money as a bull, we can say it is always in long. But most always in long bulls exited below February and are looking for a bull bar to get back in.<\/li>\n\n\n\n<li>March was a bear surprise &#8211; yet bullish because it closed in the top half.<\/li>\n\n\n\n<li>May was a bear surprise. Some bears will expect a small second leg down. But the problem is it is still within the March bar &#8211; triangle and low in a tight TR &#8211; Breakout Mode.<\/li>\n\n\n\n<li>We also closed above the MA, so it has been a buy zone for 24 months.<\/li>\n\n\n\n<li>Big bars in trading ranges often attract profit-taking and counter-trend traders betting against follow-through.<\/li>\n\n\n\n<li>The bulls might be trapped above the high of the prior trading range, which was a reasonable breakout buy. But the follow-through was bad. They bought a 50% pullback and some scaled out breakeven.<\/li>\n\n\n\n<li>If you bought the close of Feb and scaled-in, you made money on your second entry.<\/li>\n\n\n\n<li>The month prior was an inside bar, and BOs of inside bars fail at a higher rate. So we should get back to the low of the IB before traders decide.<\/li>\n\n\n\n<li>Traders should expect sideways to up around the moving average. <\/li>\n\n\n\n<li>The low probability event would be a follow-through bear bar.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> FTSE chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars.jpg\" alt=\"FTSE 100 Bull Reversal Bar After 6 Bear Bars\" class=\"wp-image-179898\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars.jpg 1920w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bull-Reversal-Bar-After-6-Bear-Bars-1536x864.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><figcaption class=\"wp-element-caption\">FTSE 100 Bull Reversal Bar After 6 Bear Bars<\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <a href=\"https:\/\/www.investing.com\/indices\/uk-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">FTSE 100 futures<\/a> on the weekly chart was a bear bar but a bull reversal bar. It closed near its high.<\/li>\n\n\n\n<li>It is a possible reversal bar with a strong bear breakout below last week. <\/li>\n\n\n\n<li>Bulls will see it as a higher low and look for a High 1 or High 2 to buy above.<\/li>\n\n\n\n<li>Bears will see it as a bear BO, tight bear channel and look for another leg down.<\/li>\n\n\n\n<li>It is the second consecutive bear bar below the MA, which we have not had in a long time. So the nature of the market is changing.<\/li>\n\n\n\n<li>Bulls must work hard next week to trap bears and convince the market to go higher.<\/li>\n\n\n\n<li>It is not surprising we came back at the prior all-time high. <\/li>\n\n\n\n<li>We broke out of the trading range and returned to the BO point. It is indecision; hence, most traders should trade it like a trading range.<\/li>\n\n\n\n<li>It was a Low 2 short, but a bad signal bar 2 weeks ago made the better short below last week.<\/li>\n\n\n\n<li>You can see that bears who sold at the close of March got a chance to exit breakeven on that trade and make money on their second trade.<\/li>\n\n\n\n<li>Bulls will look to do the same, buy the MA, buy the micro channel pullback and then buy lower to make money.<\/li>\n\n\n\n<li>It is a bull bar, so it is not a great buy signal for next week. And the bear bar is not strong, so better to not sell above and instead to sell above a stronger bear bar.<\/li>\n\n\n\n<li>Most traders should be flat waiting for a reasonable stop entry.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: FTSE 100 Futures FTSE futures market moved lower last month with a bear surprise pullback closing above the MA. Bulls see a pullback to the moving average (MA) and have bought here for 2 years. They will likely do so until it is no longer profitable. Bears will look to sell a pullback, [&hellip;]<\/p>\n","protected":false},"author":10339,"featured_media":179892,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1697,136],"tags":[1699,1347,1392],"class_list":["post-179850","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ftse-100","category-analysis","tag-ftse-100","tag-pullback","tag-surprise-bar","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/06\/FTSE-100-Bear-Surprise-and-PB-Buyers-at-MA-1.jpg","author_info":{"display_name":"Timothy","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/timfairweathercagmail-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/179850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/10339"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=179850"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/179850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/179892"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=179850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=179850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=179850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}