{"id":173372,"date":"2023-03-11T07:00:00","date_gmt":"2023-03-11T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=173372"},"modified":"2023-03-11T00:30:26","modified_gmt":"2023-03-11T08:30:26","slug":"nasdaq-close-below-weekly-ema","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nasdaq-close-below-weekly-ema\/","title":{"rendered":"Nasdaq 100 First Close below Weekly EMA since February"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\">The <strong>NASDAQ Emini<\/strong> futures market<\/a> had a big bear outside down bar this week \u2013 it went above the high of last week, reversed at the monthly exponential moving average (EMA) and with first close below weekly EMA since February. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market will likely test lower in the next couple of weeks. Bulls could create a bull reversal signal next week at the weekly EMA, but it will likely be sold for another leg down.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NASDAQ 100 Emini futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February-680x383.png\" alt=\"Nasdaq Weekly first close below weekly EMA since February\" class=\"wp-image-173384\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick is a bear outside down bar with close below weekly EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-bad-monthly-sell-signal\/\" target=\"_blank\" rel=\"noreferrer noopener\">As mentioned last week<\/a>, the question coming into this week was \u2013 Would the bulls who bought at the EMA 2 weeks back scalp out around the monthly EMA. Based on this week, it\u2019s clear they did, as did the bulls who were trapped from the big bear breakout 2 weeks ago. Bears also sold the monthly EMA.<\/li>\n\n\n\n<li>There will likely be a leg down now based on the strong bear bars in the past 3 weeks.<\/li>\n\n\n\n<li>The market should find temporary support at the high of 1\/9 around 11600. It was a sell at the weekly EMA for a possible 2<sup>nd<\/sup> leg down back, so a test target.<\/li>\n\n\n\n<li>Since bulls did not have a good signal bar in January or October, the reversal up in January is still likely a minor reversal, and bulls will need a good signal bar around the bar from the week of 1\/2.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas-680x383.png\" alt=\"Nasdaq Daily Big Up Big Down around the Emas\" class=\"wp-image-173387\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Daily-Big-Up-Big-Down-around-the-emas.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Friday\u2019s NQ candlestick is a big bear bar with small tails.<\/li>\n\n\n\n<li>Four of the five days this week were strong bear bars closing on their low.<\/li>\n\n\n\n<li>This is the first time since early February, when the sideways to down move started, that the market has had consecutive strong bear bars.<\/li>\n\n\n\n<li>The bear bars in the move down this week are like the bear bars in the leg down in December.<\/li>\n\n\n\n<li>The market is likely to make the bottom of the 2<sup>nd<\/sup> leg in the move up \u2013 the low of 1\/25 shaded in green in chart. It is also around the weekly EMA when the market was going sideways for a few days.<\/li>\n\n\n\n<li>As mentioned before, the market is in a trading range between the monthly and weekly EMA till they get close enough.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures market had a big bear outside down bar this week \u2013 it went above the high of last week, reversed at the monthly exponential moving average (EMA) and with first close below weekly EMA since February. The market will likely test lower in the next [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":173384,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[136,1849],"tags":[1850,339],"class_list":["post-173372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-analysis","category-nasdaq-100","tag-nasdaq-100","tag-outside-down","entry","override"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-first-close-below-ema-since-February.png","author_info":{"display_name":"Rajesh","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/rajeshh_98yahoo-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/173372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/3331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=173372"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/173372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/173384"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=173372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=173372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=173372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}