Market Overview: FTSE 100 Futures The FTSE futures market had a big bull breakout above COVID trading range. We are within striking distance of the All-Time-High. The bulls want to break strongly above the all-time high, and with consecutive weekly bull bars, it looks promising. But having spent so long in a trading range, the math […]
DAX 40 Breakout of Bull Flag
Market Overview: DAX 40 Futures DAX 40 breakout of bull flag with market moving higher last week. Consecutive bull bars closing near their highs. The bulls have needed to break above the wedge bottom and get closer to their swing target above 15000, which they did last week. The bears have been selling from January […]
FTSE 100 Big Bull Breakout Testing Pre-Pandemic High
Market Overview: FTSE 100 Futures The FTSE futures market was a big bull breakout testing the pre-pandemic high. The bulls want this to be a bull flag of the post-pandemic bull run. But with several breakout attempts, traders wonder if this has increased or decreased probability. The bulls have measured move targets above. With such strong […]
DAX 40 Big Bull Breakout: Measuring Gap or Exhaustion Gap?
Market Overview: DAX 40 Futures DAX futures moved higher last week with a DAX 40 big bull breakout bar. It has been non-stop higher since October, and traders want to see if there are buyers above this trading range high. The bears knew they would not get a bear trend but hoped for a trading […]
Emini Strong Upside Breakout during Globex Session
Trading Update: Friday January 6, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Brad created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
EURUSD Strong Bull Breakout above Inside Bar
Market Overview: EURUSD Forex The EURUSD Forex November candlestick was a EURUSD strong bull breakout above an inside bar. It closed back above the 7-year trading range low. The bulls need to break far above the major bear trend line and 20-month exponential moving average to convince traders that a reversal higher is underway. The […]
DAX 40 bull breakout at moving average
Market Overview: DAX 40 Futures DAX 40 bull breakout at the moving average (MA) so traders will decide next week where we go from here. The bears have been selling the MA since January and making money, and markets have inertia so we should expect selling above this week’s bar. But has the context changed? […]