Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures May 2025 monthly bar is bull trend bar breaking out of the EMA – exponential moving average, with a prominent tail above. It is a surprisingly good entry to April 2025 bad buy signal bar.
The week is a short trading week. It is a bull bar with a long tail above. It reached the close of January monthly bar, the highest close so far, and pulled back.
Last week’s report said that bulls will try to close the month near its high, and bears want to add as much tail above as possible. They both got something – bulls managed to get a good-sized bull body, and bears got a long tail above.
The yearly bar is still a doji bar with a long tail below.
NASDAQ 100 Emini futures
The Monthly NASDAQ chart
- The May monthly bar is a bull trend bar breaking out above the monthly EMA, and with a prominent tail above.
- This month’s bullishness is a surprise – Last month’s report had mentioned that the quarterly bar was already the biggest bar in recent past just with the April month, so May and June were not likely to breakout above the April bar. However, May did breakout above April, and has made the quarterly bar even bigger.
- Given that, it’s less likely for June to be another bull trend bar. June could even be an inside bar.
- Bulls need a good follow-through bar, which as said above is less likely.
- In fact, given this quarter is such a big bar, is the next quarter likely to breakout above this quarter? Less likely, which indicates the next quarter will possibly be a doji bar.
- What if bulls get another bull trend bar in June? Then it is likely there will be a second leg up – even if some of the months in the next quarter are sideways, per the prior bullet point.
- If bulls are not able to get bull bars closing above prior bars, the market will visit the EMA, and possibly the tail of the April bar.
- There are likely trapped sellers at the EMA, so if the market visits it, it should find buyers.
- For the bulls, it would have been better if the market had first visited the tail, tried a micro-double bottom, and then started a move up.
The Weekly NASDAQ chart
- The week is a bull bar with a long tail above, closing below the mid-point.
- Last week was a sell signal bar, but this week did not even trigger it.
- As mentioned in the prior two weekly reports, bears want the market to start going sideways to down at these levels. They want to keep the bear body gap with the close of 1-6-25 open.
- Bulls need bull bars closing above prior bars. The tail above this week is not encouraging – bulls may need a leg down to the EMA and then have a good buy signal bar to start another leg up.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
