Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures week is a small bear doji after 06-23 bull breakout. It is a bad sell signal bar.
The daily chart is sideways – a doji bear Monday, followed by a couple of days of up, followed by a couple of days of bear dojis.
Since it is the first week of the month, there is nothing new to report on the monthly chart and higher. The commentary from last monthly report still applies.
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a bear doji bar, a bad sell signal bar after a good bull breakout bar 2 weeks ago, and a good enough bull follow-through last week.
- Bears needed a good sell signal bar to try and create a sideways move.
- Just like big bars are followed by doji bars, a small doji bar can be followed by a big bar.
- This could also potentially be triggered by news about tariffs.
- Bulls expect a second leg up, so there will likely be buyers below this week’s bar.
- One challenge for bulls based on higher timeframes is the prior quarter bar being too big. At the same time, there are targets above based on monthly charts, where May and June are good bull bars.
The Daily NASDAQ chart
- The daily chart started the week with a bear doji bar on Monday, followed by a couple of bull days, followed by a couple of bear doji days.
- As mentioned from prior reports, there are bull targets close above which should be reached.
- As mentioned in weekly section above, next week could be a big bar, given this week is a small doji bar.
- There is not much more new to add that hasn’t already been talked in prior couple week reports.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
