{"id":217053,"date":"2024-09-07T07:00:00","date_gmt":"2024-09-07T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=217053"},"modified":"2024-09-06T15:39:28","modified_gmt":"2024-09-06T22:39:28","slug":"nasdaq-100-surprise-bear-bar-did-not-trigger-8-26-bad-buy-signal-bar","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nasdaq-100-surprise-bear-bar-did-not-trigger-8-26-bad-buy-signal-bar\/","title":{"rendered":"Nasdaq 100 Surprise Bear Bar Did Not Trigger 8-26 Bad Buy Signal Bar"},"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 bear trend bar closing below the daily and weekly EMA \u2013 exponential moving average. The surprise bear bar did not trigger 8-26 bad buy signal bar.<\/p>\n\n\n\n<p>On the daily chart, the market went sideways around the broken support from 6\/24 for couple of weeks and then broke down below this week. This week had a big outside down bar on Tuesday followed by a couple of doji days followed by a big bear bar on Friday. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-h1-buy-signal-bar-at-ema\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-bad-h1-buy-signal-bar-at-ema\/\" rel=\"noreferrer noopener\">Last week\u2019s report<\/a> mentioned that the market could either go higher and try to reverse or go lower and try to reverse. It looks like the market is first going lower.<\/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\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-680x383.jpg\" alt=\"Nasdaq Weekly Surprise Bear Bar Did Not Trigger 8-26 Bad Buy Signal Bar\" class=\"wp-image-217167\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-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 a bear trend bar closing on its low below the weekly EMA.<\/li>\n\n\n\n<li>It is a surprisingly strong bear bar, given the bad sell signal bar 2 weeks ago (bull doji bar), and the bad entry bar last week (bear bar closing in the upper half).<\/li>\n\n\n\n<li>The market should have triggered the buy signal bar of last week for at least a small second leg up. Instead, the market just fell this week.<\/li>\n\n\n\n<li>If there were buyers of last week\u2019s close expecting a leg up this week, they are trapped. This will likely lead to a second leg down.<\/li>\n\n\n\n<li>The market is back below the 8-5 bad bull reversal bar, and below the bear close of 7-29.<\/li>\n\n\n\n<li>It is at the support area shown on the weekly chart below the close of the 8-5 bar.<\/li>\n\n\n\n<li>Bears need a follow-through bar next week. Given we are in the temporary support area, it is less likely for a good follow-through bear bar, and more likely a doji bar.<\/li>\n\n\n\n<li>If next week is a doji bar, it could indicate that the market is setting up a triangle.<\/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\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-scaled.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-680x383.jpg\" alt=\"Nasdaq Daily Back below Daily and Weekly EMA\" class=\"wp-image-217170\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/09\/NASDAQ-Daily-Back-below-daily-and-weekly-ema-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 last two weeks on the daily chart looked like a bear leg in a trading range , a wedge pullback to the daily and weekly EMA. This is because of the lack of consecutive bear bars. Last Wednesday closed the bull gap with the high close of 7-31. Last Thursday found temporary support at the weekly EMA with Friday closing as a bull inside bar above the daily EMA, for possibly a 2<sup>nd<\/sup> leg up for the move up in August.<\/li>\n\n\n\n<li>This was a short trading week as Monday was a trading holiday. Instead of the leg up from last Friday, Tuesday went above the Friday close and ended as a big outside down bar closing below both daily and weekly EMA.<\/li>\n\n\n\n<li>Wednesday and Thursday were both doji days around the Tuesday close.<\/li>\n\n\n\n<li>Such doji bars can be a limit order buys for a scalp possibly up to the daily EMA. However, Friday was a big bear bar trapping such buyers.<\/li>\n\n\n\n<li>This is the opposite of how the market broke out above after the doji closes of 8-11 and 8-12. Technically, those closes should have been temporary support as well on the way down this week, but Friday broke down through those levels.<\/li>\n\n\n\n<li>Because of these reasons, there will likely be a second leg down.<\/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 bear trend bar closing below the daily and weekly EMA \u2013 exponential moving average. The surprise bear bar did not trigger 8-26 bad buy signal bar. On the daily chart, the market went sideways around the broken support from 6\/24 for couple [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":217167,"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-217053","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\/09\/NASDAQ-Weekly-Surprise-Bear-Bar-Did-Not-Trigger-8-26-Bad-Buy-Signal-Bar-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\/217053","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=217053"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/217053\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/217167"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=217053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=217053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=217053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}