Market Overview: FTSE 100 Futures The FTSE futures market reached a 50 percent pullback last week after two big sell climax weeks. We went sideways with buyers below at the 100-Week MA and sellers up at the 20-week MA. Its not a great buy nor sell signal – but probably better to be short than long […]
FTSE 100 Bear Surprise, Follow through at 100-Week MA
Market Overview: FTSE 100 Futures The FTSE futures market moved down strongly last week with a FTSE 100 bear surprise bar. It was a follow-through from the week before and pausing at the 100-Week MA. The bulls see a 50% pullback after a tight bull channel but we are back in the trading range. The bears […]
FTSE 100 Big Bear Surprise as Bulls Exit, Testing Swing Low
Market Overview: FTSE 100 Futures The FTSE futures market moved lower with a big bear surprise last week as the Always-In bulls gave up and the bears started to short back to the moving average. The bulls see a pullback to move higher, and the bears want a failed breakout above the high of a trading […]
FTSE 100 Bull Breakout and Follow Through, ATH
Market Overview: FTSE 100 Futures The FTSE futures market moved higher last month with bull breakout and follow through. Although this month had a tail on top, the probability is still always in long. Because of the sideways action and the lack of high-probability stop-entries, many limit-order traders will be betting on more sideways. If you […]
FTSE 100 Big Pullback Test of Breakout Point
Market Overview: FTSE 100 Futures The FTSE futures market reversed last week with a big pullback test of the breakout point. It is a bear surprise, but sitting in a tight bull channel will likely form a bull flag. The bears want a follow-through bar to create a top for the next few months. The bulls […]
FTSE 100 Big Bull Breakout above All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 big bull breakout above the all-time high. The bears have been unable to make money in this tight channel. The bears that sold the double top at the high of the trading range are now trapped and might force the price higher. The […]
FTSE 100 Bear Doji at All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market was a FTSE 100 bear doji at the All-Time High (ATH.) The bulls needed one more bar to confirm the breakout and follow-through but we went sideways instead. We are always in long but might need to go sideways here to find more buyers to go up. […]
FTSE Big Bull Breakout Closing at All-Time High
Market Overview: FTSE 100 Futures The FTSE futures market increased last month, closing at an all-time high with a FTSE big bull breakout. Bulls need another bull bar for consecutive bull bars and breakout and follow-through, but the tail on January’s bar might reduce the number of bulls willing to hold long there. Bears need a […]
FTSE 100 Pullback in Bull Micro Channel, Higher High
Market Overview: FTSE 100 Futures The FTSE futures market dipped below the low of a prior bar last week, a FTSE 100 pullback in a bull Micro Channel. We said last week there would likely be buyers there. We are always in long, but after 12 months in a trading range, a strong reversal here could […]
FTSE 100 Breakout Pullback, Always in Long
Market Overview: FTSE 100 Futures The FTSE futures market was a bear bar last week. It was a FTSE 100 breakout pullback bar just below the All-Time High. Most traders were expecting to reach the measured move target above and possibly the All-Time High. Bears were expecting to sell the highs of the range and now […]