The monthly bar is a strong bull trend bar back with a close above the July close. Next week is the last week of the month. Bulls want the close to be near the high, while bears want the close below the July close (the last high close in the bull spike).<\/p>\n\n\n\n
NASDAQ 100 Emini futures<\/h2>\n\n\n\nThe Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/NASDAQ-Weekly-high-above-july-2023-high-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- The week is a small bull bar with prominent tail above.<\/li>\n\n\n\n
- This week went above the July 2023 high.<\/li>\n\n\n\n
- As mentioned last week<\/a>, the monthly bar is already too big, and it was likely for this week to be a doji bar or a bear bar.<\/li>\n\n\n\n
- Bulls have done their part by producing a bar with a bull body and a close above last week high.<\/li>\n\n\n\n
- Bears have done the minimum of a close below the mid-point.<\/li>\n\n\n\n
- The next target for the bulls is the high close of 2021.<\/li>\n\n\n\n
- Bears want a bar closing below the low of prior bar like they did in July, and then follow-through bear bars.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/NASDAQ-Daily-sideways-at-july-2023-high-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- This week was a short trading week with 3 full trading days.<\/li>\n\n\n\n
- The most notable price action of this week was Monday which was a good bull trend bar going above the July high.<\/li>\n\n\n\n
- The market went sideways the rest of the week near the July high.<\/li>\n\n\n\n
- The Measured Move (MM) target of the bull bodies of the spike from the week of 11\/6 at 16382.25 is in play for the rest of the year.<\/li>\n\n\n\n
- The market might make a right shoulder of the inverted head and shoulder (INVH) for the next couple of weeks and then try to go higher in December.<\/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 week is a small bull bar with prominent tail above.<\/li>\n\n\n\n
- This week went above the July 2023 high.<\/li>\n\n\n\n
- As mentioned last week<\/a>, the monthly bar is already too big, and it was likely for this week to be a doji bar or a bear bar.<\/li>\n\n\n\n
- Bulls have done their part by producing a bar with a bull body and a close above last week high.<\/li>\n\n\n\n
- Bears have done the minimum of a close below the mid-point.<\/li>\n\n\n\n
- The next target for the bulls is the high close of 2021.<\/li>\n\n\n\n
- Bears want a bar closing below the low of prior bar like they did in July, and then follow-through bear bars.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- This week was a short trading week with 3 full trading days.<\/li>\n\n\n\n
- The most notable price action of this week was Monday which was a good bull trend bar going above the July high.<\/li>\n\n\n\n
- The market went sideways the rest of the week near the July high.<\/li>\n\n\n\n
- The Measured Move (MM) target of the bull bodies of the spike from the week of 11\/6 at 16382.25 is in play for the rest of the year.<\/li>\n\n\n\n
- The market might make a right shoulder of the inverted head and shoulder (INVH) for the next couple of weeks and then try to go higher in December.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n