Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures July 2025 monthly bar is another bull follow-through with prominent tail above.
The week is a big outside down bear bar. It’s the first big bear bar since April.
The market is back at the close of Q2. As mentioned in prior reports, is it more likely for this quarter to be a good follow-through to the big Q2 bar, or a doji bar? More likely the latter.
NASDAQ 100 Emini futures
The Monthly NASDAQ chart
- The July month bar is a bull bar with a prominent tail above.
- As mentioned in prior reports, the monthly chart is bullish with a pair of good bull-trend bars in May and June breaking out of the monthly EMA.
- July is another bull follow-through.
- Given the strength on the monthly chart, there will likely be two legs up.
- This month made progress towards one of the targets on the monthly chart – the measured move target of the high close of 2021 and low close of 2022, which is not far above.
- Another bull target shown last report is the measured move of the bodies of the May and June bull bodies – so the bet would be that one would put a stop below the low of the May bar, and buy anywhere now, is there a 60% chance the market will reach the measured move target before it hits the stop?
- What are some targets on the downside? There are likely buyers around the high of March month bear bar, which is around the high/close of May month.
- There were likely sellers at March high during May that are trapped and will buy if the market revisits it.
The Weekly NASDAQ chart
- The week is a big outside down bear bar.
- It is the first big bear since April and has already reversed the move up made in July.
- Now bears need a good entry bar next week.
- What are some targets on the downside? One is the breakout point of week of 6-16.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
