Market Overview: DAX 40 Futures DAX futures were in a tight bull channel last week. Traders are deciding if it is a possible bull leg in a trading range. The bulls are at one measured move target and want the swing target above. The bears want to sell to keep the price in the range […]
DAX 40 Pause at Measured Move Target
Market Overview: DAX 40 Futures DAX futures was a bear bar last week, a DAX 40 pause at a measured move target. The bulls know the channel is tight and expect another leg up, and they will probably get it. We are also at the underside of the prior trading range breakout, so we are […]
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 […]
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 […]
DAX 40 Strong Bear Bar above Moving Average
Market Overview: DAX 40 Futures DAX futures dipped lower last month back to the moving average with a DAX 40 strong bear bar. The bulls got a wedge bottom, and strong follow through so most traders will expect a second leg sideways to up. Bears will look to scale in higher above last month and […]
DAX 40 Consecutive Bars, Bear Surprise
Market Overview: DAX 40 Futures DAX futures this week was consecutive bars, a bear surprise after such a tight bull channel. Although it is outside down, the bulls will expect a second leg up, so it might be a bear trap. The bears will probably get a second leg sideways to down to the breakout […]
DAX 40 Weak Bear Bar Ends Bull Streak
Market Overview: DAX 40 Futures DAX futures has been on a bull streak for the past 9 weeks, but it ended last week with a DAX 40 weak bear bar. The bulls want that to be the first leg of a major reversal. But high in a trading range, they probably won’t get it. The […]
DAX 40 Bull Flag Breakout or Good 50% Retracement
Market Overview: DAX 40 Futures DAX futures was a big bull bar closing near its high. It is consecutive monthly bull bars, a DAX 40 bull flag breakout and a High 3 buy, but we are right in the middle of the trading range, forcing traders to make tough decisions. The bulls see the pullback […]
DAX 40 Bull Streak, High in Trading Range
Market Overview: DAX 40 Futures DAX futures have been on a DAX 40 bull streak high in a trading range. Traders will expect the pullback to be minor, but the risk is large for bulls who, up until now, have been buying above bars. The bears see the streak as a bull leg in a […]
DAX 40 Tight Bull Channel, Open Gaps on Weekly Chart
Market Overview: DAX 40 Futures DAX futures moved higher again with a Dax 40 tight bull channel with open gaps. The bulls got follow-through buying high in a trading range and might get a second leg up to the top of the range above. The bears have controlled most of the year so they will […]