Market Overview: NASDAQ 100 Emini Futures Nasdaq consecutive bear close on its low and below weekly EMA. It is a good follow-through bar to last week’s big bear bar. The week gapped down and had strong selling pressure – 3 of the 4 trading days in the week had good bear bodies. The bulls had a […]
Nasdaq pullback in bull leg of trading range
Market Overview: NASDAQ 100 Emini Futures This week’s Nasdaq Emini candlestick was a bear bar closing on its low, a pullback in bull leg. It triggered last week’s Low 2 sell signal and closed below the weekly EMA. The week started strong, attempting to retest last week’s high, but reversed down again at the swing lower high […]
Nasdaq failed breakout above 20-week EMA
Market Overview: Nasdaq 100 Emini futures This week’s Nasdaq Emini candlestick is a Low 2 sell signal at the weekly EMA, but with a bull body. It essentially is a failed breakout above the 20-week EMA. The week started strong, going above the swing lower high of week of 1/31, but the last three days of the […]