Market Overview: NASDAQ 100 E-mini Futures
The NASDAQ E-mini futures week is a bull bar reversing 12-29 bear bar.
The weekly and daily chart is at the apex of a triangle, with a bull bar on the daily chart at the daily exponential moving average (EMA).
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a bull bar reversing the bear bar of last week.
- The market is at the apex of a triangle, and this week is a bull breakout attempt of the triangle.
- Ideally, this week’s bull bar was at the EMA. This week is not a good buy because it is in the middle of a trading range and not at any support.
- So even if next week is a bull bar, the market likely revisits the EMA, after which bulls may start a proper leg up.
The Daily NASDAQ chart
- The daily chart continues the sideways move around the daily EMA.
- The weekly section above commented that this week’s bull bar is in a bad spot, and ideally, the apex of the triangle should be at support – the weekly EMA.
- The daily chart is a good illustration of this – Friday’s bull bar is a breakout attempt of the triangle, and the daily EMA.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
