Market Overview: NASDAQ 100 E-mini Futures
The NASDAQ E-mini futures week is another good bull bar with minimal tails, making it a pair of good bull bars ending 9-15.
The daily chart is a tight bull channel and another couple of bull legs up this week.
The month is a good bull bar so far. This week, the market made the 1st bull target of the measured move of the December 2021 high and December 2022 low.
NASDAQ 100 E-mini futures
The Weekly NASDAQ chart
- The week is a bull bar with minimal tails following last week’s good bull bar.
- This is a surprise, as last week’s report said that there are likely sellers at last week’s close expecting bad follow-through after a bad buy signal bar the week before last.
- Bulls keep producing good bull bars.
- Next week is the last full week of the month. Is it likely that next week is another good bull bar? Less Likely. More likely, a doji bar, although there are also likely buyers below for the reason mentioned above, resulting in at least a small second leg up.
The Daily NASDAQ chart
- The daily chart is another pair of bull legs up, and in a tight bull channel.
- Monday is a bull bar, followed by a leg down on Tuesday and Wednesday with doji bear bars.
- Thursday and Friday is another pair of bull bars representing the next leg up.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
