On the daily chart, there is a 4-bar bull micro-channel as the low of everyday starting Tuesday was higher than the prior day low.<\/p>\n\n\n\n
The monthly chart is a bull trend bar already as big as the prior month bull bar. Since there are two more weeks left in the month, the same comment as last few reports apply \u2013 that its more likely for a least one of the next two weeks to be a doji\/bear bars. Instead, if the next two weeks are bull bars causing the month to be a big bull bar, then it\u2019s likely that the first couple of weeks of next month will be doji\/bear bars.<\/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\/2024\/06\/NASDAQ-Weekly-biggest-bull-body-since-October-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a big bull trend bar closing near its high.<\/li>\n\n\n\n
- It is the biggest bull body since October, and the biggest bull bar since April when the market reversed.<\/li>\n\n\n\n
- The question now is \u2013 will this bar act as a measuring gap or exhaustion gap?<\/li>\n\n\n\n
- Big bars are fine during a reversal when the first leg is forming in the new direction.<\/li>\n\n\n\n
- Big bars are less than ideal in subsequent legs because it can lead to profit-taking.<\/li>\n\n\n\n
- For this to be a measuring gap, bulls need a follow-through bar next week.<\/li>\n\n\n\n
- As mentioned in the summary, it is more likely for at least one of the next two weeks to be doji\/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\/2024\/06\/NASDAQ-Daily-market-likely-to-make-measured-move-target-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Every day of the week was a bull trend bar (even with tails) except Thursday which was a doji bar.<\/li>\n\n\n\n
- Monday was an inside bull bar. Tuesday was a bull bar breaking out of outside doji bar from last Friday.<\/li>\n\n\n\n
- Wednesday was more follow-through with an especially big bull bar.<\/li>\n\n\n\n
- As was likely, Thursday was a doji bar.<\/li>\n\n\n\n
- Friday closed as a bull bar near its high with a tail below.<\/li>\n\n\n\n
- If the market pulls back to below Wednesday\u2019s big bar, there will likely be buyers<\/li>\n\n\n\n
- At this point, it is likely that the market will make the measured-move target shown in the chart.<\/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<\/div>\n\n\n\n
- \n
- The week is a big bull trend bar closing near its high.<\/li>\n\n\n\n
- It is the biggest bull body since October, and the biggest bull bar since April when the market reversed.<\/li>\n\n\n\n
- The question now is \u2013 will this bar act as a measuring gap or exhaustion gap?<\/li>\n\n\n\n
- Big bars are fine during a reversal when the first leg is forming in the new direction.<\/li>\n\n\n\n
- Big bars are less than ideal in subsequent legs because it can lead to profit-taking.<\/li>\n\n\n\n
- For this to be a measuring gap, bulls need a follow-through bar next week.<\/li>\n\n\n\n
- As mentioned in the summary, it is more likely for at least one of the next two weeks to be doji\/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<\/div>\n\n\n\n- \n
- Every day of the week was a bull trend bar (even with tails) except Thursday which was a doji bar.<\/li>\n\n\n\n
- Monday was an inside bull bar. Tuesday was a bull bar breaking out of outside doji bar from last Friday.<\/li>\n\n\n\n
- Wednesday was more follow-through with an especially big bull bar.<\/li>\n\n\n\n
- As was likely, Thursday was a doji bar.<\/li>\n\n\n\n
- Friday closed as a bull bar near its high with a tail below.<\/li>\n\n\n\n
- If the market pulls back to below Wednesday\u2019s big bar, there will likely be buyers<\/li>\n\n\n\n
- At this point, it is likely that the market will make the measured-move target shown in the chart.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n