Market Overview: FTSE 100 Futures The FTSE futures market was a bull trend pullback at the 20-Month Moving Average (MA.) We are still always in long on the monthly and weekly charts but sideways, so limit order market above and below bars. Although this month looks like it is setting up a stop entry, there has […]
FTSE 100 double top pullback testing prior breakout
Market Overview: FTSE 100 Futures The FTSE futures market was a double top pullback testing the prior breakout. We have been going sideways for many weeks now so it’s a tight trading range ready to break out either way. The longer we go sideways the less steam the bears might have to push down further. The […]
FTSE 100 third bear doji, micro double bottom at 7000
Market Overview: FTSE 100 Futures The FTSE futures market gave us a third bear doji last week. It moved only slightly lower last week with the possible micro double bottom on the weekly chart. Although in control, the bears were not able to get below 7000 for 2 weeks in a row so we might need […]
FTSE 100 consecutive bear bars low in trading range
Market Overview: FTSE 100 Futures The FTSE futures market moved lower again last week with FTSE 100 consecutive bear bars low in a trading range. We are back at the October 2021 breakout point and it makes you wonder if this is a failed breakout above the high. With bulls unwilling to buy they might need […]
FTSE 100 bear surprise bar at last month’s lows
Market Overview: FTSE 100 Futures FTSE 100 bear surprise bar at last month’s lows. The bulls see a pullback in a relentless bull trend and a limit buy signal here and lower near the 7000 big round number. It is the first quarterly close lower since March 2020. The bears see a double top reversal […]
FTSE bull surprise bar at support
Market Overview: FTSE 100 Futures The FTSE futures market reversed up strongly with a bull surprise bar at support. It was the end of a measured move for the bears and you can see how quickly they exited. We said last week we would end up back at this magnet of a tight trading range, so […]
FTSE Always in Short at bottom of trading range
Market Overview: FTSE 100 Futures FTSE always in short at the bottom of a trading range. It could be a sell climax down to the big round number of 7000. The bulls see we are at the bottom of a trading range and will look to scale in short. The bears see we broke down […]
FTSE 100 bear surprise, micro double top
Market Overview: FTSE 100 Futures FTSE 100 bear surprise from a Micro Double Top (Micro DT) pausing at the 50-week moving average (MA). Once again the bulls failed and market made a lower high, so it’s a major trend reversal and traders will expect two legs sideways to down. We might have had the first […]
FTSE 100 bull doji high in trading range
Market Overview: FTSE 100 Futures The FTSE futures market was a bull doji high in a trading range. Limit order traders have been making money on the higher timeframes and until they stop doing so we will go sideways. On the weekly timeframe stop entry traders can make money if they buy low sell high and […]
FTSE 100 bull breakout from tight trading range
Market Overview: FTSE 100 Futures The FTSE futures market raced higher with a FTSE 100 bull breakout, 6 bull bars on daily chart, so we are always in long on the daily timeframe. The tight trading range was in the middle of a larger trading range so traders should expect scalping to continue and take quick […]