Market Overview: FTSE 100 Futures The FTSE futures market moved lower last month with a FTSE 100 failed breakout, a bear doji bar with a big tail. It is a pullback from the bull trend, and there were buyers below the moving averages. Some traders bought the breakout early and needed to scale in to make […]
FTSE 100 50 Percent Pullback at 100-Week MA
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 […]
EURUSD Pullback to the 20-Week EMA
Market Overview: EURUSD Forex The EURUSD Forex weekly chart bears got a pullback to the 20-week EMA (exponential moving average). The bears want a continuation down to the January 6 low or the November 21 low which was the start of the bull channel. The bulls want a reversal higher from a double bottom with […]
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 […]
Nasdaq 100 Pullback in Bull Micro Channel
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market had a bear breakout from the sideways bars of the past two weeks to begin the Nasdaq 100 pullback of the bull micro channel of the past 6 weeks. The month is now a Low 2 bear doji reversal bar at the monthly exponential […]
Emini Bear Doji Pullback
Market Overview: S&P 500 Emini Futures The S&P 500 Emini futures was a bear doji pullback on the weekly chart. The bulls have an 8-bar bull micro channel which may be broken soon. However, the first breakout below such a strong micro channel often is minor. The bears want a reversal lower from a higher […]
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 […]
EURUSD Weak Bear Bar, Need Follow-through
Market Overview: EURUSD Forex The EURUSD Forex was a EURUSD weak bear bar on the weekly chart. The bears want this to be the start of a two-legged sideways-to-down pullback. They will need to create follow-through selling next week. The bulls want any pullback to be sideways and not deep. EURUSD Forex market The Weekly EURUSD chart […]
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 […]
EURUSD Pullback but Reversed into Bull Bar
Market Overview: EURUSD Forex EURUSD Forex pullback slightly on the weekly chart but reversed into bull bar. The bears failed to get follow-through selling. The move-up is in a tight bull channel. That means strong bulls. Odds continue to favor the EURUSD to trade at least a little higher. Because of the strong move up, the […]
