The week is a big trend bull bar closing back above the exponential moving average (EMA) and essentially reversing the bear bars of the last two weeks.<\/p>\n\n\n\n
The year is a big bull inside bar with a tail above. Bulls would like to close the year near the high, while bears want a big tail above.<\/p>\n\n\n\n
NASDAQ 100 Emini futures<\/h2>\n\n\n\nThe Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/NASDAQ-Monthly-bear-bar-closing-below-september-low-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- The October month bar is a bear bar with a small body and a small tail below and a bigger tail above.<\/li>\n\n\n\n
- This month closed below the September low, the first month to close below the low of the prior month since September 2022.<\/li>\n\n\n\n
- Bulls did not want a third bar with a bear body and wanted a close above the low of September.<\/li>\n\n\n\n
- Bears wanted a strong follow-through bar with a close below September.<\/li>\n\n\n\n
- Bears also wanted the market to reach the May close.<\/li>\n\n\n\n
- It is likely there were sellers at the May close betting on a failed breakout.<\/li>\n\n\n\n
- The market got to the May close and bounced strongly this week.<\/li>\n\n\n\n
- Bulls would like November to be a good bull bar closing above October, and December to be a follow-through bar.<\/li>\n\n\n\n
- Bears will likely sell November close (assuming it\u2019s a bull bar) for another leg down like what happened in August, September of 2022.<\/li>\n\n\n\n
- It is likely the year will close around the July month bar.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/NASDAQ-Weekly-wedge-bull-flag-reversal-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- The week is strong bull trend bar closing near its high and back above the EMA.<\/li>\n\n\n\n
- The week has essentially reversed the bear bars of the last two weeks.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that bulls would like a wedge bull flag reversal and needed a good reversal bar this week.<\/li>\n\n\n\n
- Bulls now need a follow-through bar next week to trap the bears.<\/li>\n\n\n\n
- Bears will likely sell this week\u2019s close betting that such a big bull bar will not get follow-through.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- The October month bar is a bear bar with a small body and a small tail below and a bigger tail above.<\/li>\n\n\n\n
- This month closed below the September low, the first month to close below the low of the prior month since September 2022.<\/li>\n\n\n\n
- Bulls did not want a third bar with a bear body and wanted a close above the low of September.<\/li>\n\n\n\n
- Bears wanted a strong follow-through bar with a close below September.<\/li>\n\n\n\n
- Bears also wanted the market to reach the May close.<\/li>\n\n\n\n
- It is likely there were sellers at the May close betting on a failed breakout.<\/li>\n\n\n\n
- The market got to the May close and bounced strongly this week.<\/li>\n\n\n\n
- Bulls would like November to be a good bull bar closing above October, and December to be a follow-through bar.<\/li>\n\n\n\n
- Bears will likely sell November close (assuming it\u2019s a bull bar) for another leg down like what happened in August, September of 2022.<\/li>\n\n\n\n
- It is likely the year will close around the July month bar.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- The week is strong bull trend bar closing near its high and back above the EMA.<\/li>\n\n\n\n
- The week has essentially reversed the bear bars of the last two weeks.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that bulls would like a wedge bull flag reversal and needed a good reversal bar this week.<\/li>\n\n\n\n
- Bulls now need a follow-through bar next week to trap the bears.<\/li>\n\n\n\n
- Bears will likely sell this week\u2019s close betting that such a big bull bar will not get follow-through.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n