{"id":213098,"date":"2024-07-20T07:00:00","date_gmt":"2024-07-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=213098"},"modified":"2024-07-19T17:25:42","modified_gmt":"2024-07-20T00:25:42","slug":"nasdaq-100-good-entry-bar-to-bad-sell-signal-bar-of-7-8","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nasdaq-100-good-entry-bar-to-bad-sell-signal-bar-of-7-8\/","title":{"rendered":"Nasdaq 100 Good Entry Bar to Bad Sell Signal Bar of 7-8"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" rel=\"noreferrer noopener\"><strong>NASDAQ Emini<\/strong> futures<\/a> week is a big bear trend bar closing near its low. It is a good entry bar to bad sell signal bar of 7-8.<\/p>\n\n\n\n<p>On the daily chart, the market has consecutive bear close below the daily exponential moving average (EMA) for the first time since April.<\/p>\n\n\n\n<p>The monthly chart is now a bear reversal bar with a long tail above. There are still 1.5 weeks left in the month. Bears do not want a 3<sup>rd<\/sup> CC bull bar.<\/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\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-680x383.jpg\" alt=\"Nasdaq Weekly Good entry bar to bad sell signal bar of 7-8\" class=\"wp-image-213141\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The week is big bear trend bar closing near its low.<\/li>\n\n\n\n<li>It is a good entry bar to the bad sell signal bar of last week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-follow-through-to-big-bull-body-of-7-1\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-follow-through-to-big-bull-body-of-7-1\/\" rel=\"noreferrer noopener\">Prior reports<\/a> had mentioned that the market will likely test the high of week of 6-24 as it was a bad buy signal bar.<\/li>\n\n\n\n<li>This week has fallen much below that target.<\/li>\n\n\n\n<li>Next, bears need a good follow-through bar.<\/li>\n\n\n\n<li>The challenge is that big bars usually have bad follow-through.<\/li>\n\n\n\n<li>Even so, when there is a pullback, there should be a second leg down<\/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\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-680x383.jpg\" alt=\"Nasdaq Daily Consecutive bear close below ema since April\" class=\"wp-image-213144\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Daily-consecutive-bear-close-below-ema-since-april-2048x1152.jpg 2048w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Based on the big bear bar last week, and the bad reversal bar Friday, <a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-follow-through-to-big-bull-body-of-7-1\/\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-follow-through-to-big-bull-body-of-7-1\/\" target=\"_blank\" rel=\"noreferrer noopener\">last week\u2019s report<\/a> had said that there will likely be more sellers at or above Friday\u2019s close.<\/li>\n\n\n\n<li>Monday, and Tuesday were doji bars. Wednesday was a big bear breakout closing below daily EMA.<\/li>\n\n\n\n<li>Thursday and Friday were bear follow-through bars closing below prior day lows.<\/li>\n\n\n\n<li>This is the first time the market has had consecutive close below daily EMA since April.<\/li>\n\n\n\n<li>There is also now a bear micro-channel this week, which means likely there two more legs down and a close below the close of Friday even if there is a pullback.<\/li>\n\n\n\n<li>We had said the same about the bull close from the high close of last Wednesday 7-10.<\/li>\n\n\n\n<li>The market is at the support area of where the move up started in the third week of June.<\/li>\n\n\n\n<li>If this support does not hold, the next support area is the weekly EMA.<\/li>\n\n\n\n<li>The chart also shows a potential bull target of the measure move of the uniform breakout bull bars of 7-3 and 7-5 \u2013 the idea being, if one bought the close of 7-5 and put a stop below low of 7-3, is there a 60% chance the bulls make the measured move target before the stop is hit? Well, in this case the market did not reach the target and instead hit the stop.<\/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>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 week is a big bear trend bar closing near its low. It is a good entry bar to bad sell signal bar of 7-8. On the daily chart, the market has consecutive bear close below the daily exponential moving average (EMA) for the first time [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":213141,"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":"shadow","_genesis_layout":"","footnotes":""},"categories":[136,1849],"tags":[1850],"class_list":{"0":"post-213098","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nasdaq-100","9":"tag-nasdaq-100","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/07\/NASDAQ-Weekly-good-entry-bar-to-bad-sell-signal-bar-of-7-8-scaled.jpg","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\/213098","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=213098"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/213098\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/213141"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=213098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=213098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=213098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}