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 […]
FTSE 100 Big Bear Outside Bar in Middle of TR
Market Overview: FTSE 100 Futures The FTSE futures market moved down last week with a bear outside bar. That means we triggered buyers above after a bull microchannel in the middle of a trading range. There were buyers again at the 200-week MA. It might be difficult for bears to sell through it. This week is […]
FTSE 100 Big Bull Outside Up Bar, LH or Reversal?
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with a bull outside up bar – though I’m writing it with one trading day to go! Pending a collapse on Monday (10% chance?), we are closing at an important level – 7700, which is 10% above the 7000 Big Round Number and […]
FTSE 100 Bull Follow-Through, Scale in Bulls Avoid a Loss
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull follow-through bar. It is a surprise and should have a second leg – though pullbacks have been deep, and it is the middle of a trading range. Traders should be looking to BLSHS. After such a tight bear channel, the […]
FTSE 100 Strong Bull Reversal Inside Bar Near 200-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last week with a bull reversal, an inside bar on the weekly. The daily chart looks like a V reversal as the bears who had gotten trapped had a chance to exit. Bulls were looking for a chance to buy the lows of the trading […]
