Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures week is a doji outside bull bar and represents start of the next leg up after 8-25 bear inside bar.
This is a short trading week. The daily chart continues to be sideways.
It is too early to say anything new about the monthly chart, than what was in prior week’s report.
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a doji outside bull bar following last week’s bear inside bar.
- The bear inside bar last week represents start of 2nd leg down from the sideways to down move started a few weeks ago.
- This week went below last week’s low and at some point reversed up as a bull bar going up over last week’s high and closing below last week’s high.
- This is not a good buy signal bar because of the tail above, and that the bulls will likely wait for the market to get to the exponential moving average (EMA).
The Daily NASDAQ chart
- The daily chart continues to be sideways this week. Monday is a trading holiday.
- Tuesday is a big bear bar with a tail following Friday’s big bear bar.
- Tuesday’s close is below the EMA.
- The rest of the week is a move up. Wednesday is a small bull bar, followed by a big bull bar Thursday to end back up above the EMA.
- Friday is a doji bar, closing below the high close from 8-28.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
