Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures week is a bull bar with minimal tails, and a new all-time high close above August high.
The daily chart is a couple of bull legs with small bull bars on most days of the week.
The month is a bull bar with a tail below. There are over two more weeks left in the month, so is it likely both weeks will be bull trend bars? It is less likely.
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a bull bar with minimal tails following last week’s doji outside bull bar.
- Since last week is not a good buy signal bar (with a tail above), there are likely sellers above last week’s high and this week’s close.
- At the same time, there are bull targets as mentioned in prior reports.
- Bulls want a bull trend bar next week to trap bears again.
The Daily NASDAQ chart
- The daily chart is a couple of bull legs with small bull bars, and doji bars.
- It is an attempt to break out of the sideways move of the past few weeks.
- Monday is a bull bar with prominent tail above, representing start of new leg up after Friday’s bear bar. It is followed by a small bull bar with prominent tails on Tuesday.
- Wednesday is bear doji bar with big tails representing the end of the leg.
- Thursday is a good bull bar representing next leg, followed by a small bull bar with prominent tails on Friday.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
