Market Overview: FTSE 100 Futures FTSE 100 futures was a bull inside bar on the monthly chart. Inside bars, MA, triangles, think breakout mode (BOM) and sit on the hands until a clear entry sets up. Bulls might have a High 2 above the MA, but the bear channel is tight, and the first reversal […]
FTSE 100 Breakout Pullback, Small Gap at MA
Market Overview: FTSE 100 Futures FTSE 100 futures went higher last week with a breakout and a pullback, creating a small gap. The pattern is fractal, doing the same thing on the lower timeframe, the daily chart. Traders are deciding if we are swinging up or down. Because bears and bulls are still in, scalpers […]
FTSE 100 High 2, Bull Breakout of Inside Bar
Market Overview: FTSE 100 Futures FTSE 100 futures moved higher last week with a bull breakout of an inside bar, a High 2. It is still BOM on the weekly chart, but the daily bulls are getting buy signals. After getting another always-in-short signal, the bears want the price to fail at the MA and […]
FTSE 100 Bear Inside Bar Under 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market went slightly lower last week with a bear inside bar. Bears have had trouble breaking below this low, but keep getting bars under the MA. The risk/reward favours the bulls who want a move up, betting that we will not get another low in the year. Bulls […]
FTSE 100 Broad Bull Channel, Wedge, BOM at MA
Market Overview: FTSE 100 Futures The FTSE futures market pulled back to below the MA in a broad bull channel. Its breakout mode, and maybe 3 pushes down after a bull spike. Traders bought the High 2 buy setup at the 100-month MA, selling above the high of the COVID crash. Longer-term buyers are probably waiting […]
FTSE 100 Always in Short, Two Good Bear Bars Below MA
Market Overview: FTSE 100 Futures The FTSE futures market went always in short on the weekly chart, so we might pull back briefly next week. We have competing trend lines. Which will win? Currently, it is better to be short or flat. Some traders will be buying below the low of the bull spike and scaling […]
FTSE 100 Weak Buy Signal, Sell Vacuum Test of MA
Market Overview: FTSE 100 Futures The FTSE futures market moved lower last week with a give-up bar, a weak buy signal failing and creating a sell vacuum test of support. The daily chart has 3 strong bear bars, and a bear spike, so we should see a pullback and then a channel down form. Bulls expected […]
FTSE 100 Breakout Mode, 2nd Leg Up Likely
Market Overview: FTSE 100 Futures The FTSE futures market has had shrinking volatility into breakout mode into a triangle near the MAs. While we will probably get a move up and a move down, until the bears break strongly below that bull trend line, the scale in bulls will continue to strongly buy lows and scalp. […]
FTSE 100 Confusing BOM Between 2 Moving Averages
Market Overview: FTSE 100 Futures The FTSE futures market is in breakout mode (BOM) between 2 moving averages. The market is deciding where to go from here. There is a DB and a DT. It can be a wedge bull flag or a wedge bear flag. Take your pick! On this timeframe 50/50 so better to […]
FTSE 100 BOM High in Trading Range, High 2
Market Overview: FTSE 100 Futures The FTSE futures market moved higher on the monthly chart with BOM and a High 2 setup. We have been going sideways for many months at the top of the prior trading range. The moving averages are pointed up, so it is a tight channel that is starting to flatten out. […]