{"id":211653,"date":"2024-06-29T07:00:00","date_gmt":"2024-06-29T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=211653"},"modified":"2024-06-29T12:53:48","modified_gmt":"2024-06-29T19:53:48","slug":"nasdaq-100-pair-of-uniform-bull-body-and-tails-above","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nasdaq-100-pair-of-uniform-bull-body-and-tails-above\/","title":{"rendered":"Nasdaq 100 Pair of Uniform Bull Body and Tails Above"},"content":{"rendered":"\n

Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n

The NASDAQ Emini<\/strong> futures<\/a> June monthly candlestick is a big bull bar with a prominent tail above. It is a new high close of the year. May and June are a pair of uniform bull body and tails above.<\/p>\n\n\n\n

The week is a bear doji bar with big tails. Last week\u2019s report<\/a> said that this week would likely stay below the high of last week and be either an inside bar or a High-1 buy signal bar after triggering the sell signal bar of last week. The week triggered the sell signal bar of last week, and then stayed below the high of last week becoming a bad High-1 buy signal bar.<\/p>\n\n\n\n

This is also the mid-point of the year \u2013 the end of the 2nd<\/sup> quarter.<\/p>\n\n\n\n

The quarterly chart is bullish – the last two quarters are non-climactic bull bars (although with tails), and the quarter before that is a bigger bull bar. The bigger tail on the most recent quarter makes it less bullish because it makes the last two quarters look like two implicit legs rather than consecutive bars in a single leg. There are also two bull closes above the prior high of 2021, so one possible target for the bulls is the measured move of the bodies of the last two quarters.<\/p>\n\n\n\n

On the yearly chart, the year so far is a bull trend bar. The question now becomes what\u2019s in store for the 2nd<\/sup> half of the year. The report at the end of last year<\/a> said that the yearly bar of 2023 is not a good buy signal bar – a big bull inside bar, the body overlapping with the big bear body of 2022. So, it is less likely for 2024 to be a good entry bar, which would translate to a doji bar or bar with tail above. Is it more likely for the next two quarters to be bull trend bars or at least one of them to be doji\/bear bars? The latter is more likely.<\/p>\n\n\n\n

NASDAQ 100 Emini futures<\/h2>\n\n\n\n

The Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n
\"Nasdaq<\/a><\/figure>\n\n\n\n
<\/div>\n\n\n\n