On the daily chart, the market had trading range price action on all days of the week except Thursday which was a bull trend bar. <\/p>\n\n\n\n
The monthly bar so far is a bull doji inside bar with a long tail below. Next week is the last full week of the month. Bulls would like to end the month with a good bull body. Next month could be a doji bar in the opposite direction – a bar with a long tail above.<\/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\/09\/NASDAQ-Weekly-Close-Below-8-19-Bull-Close-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull bar with prominent tails closing above the high of last week.<\/li>\n\n\n\n
- This week\u2019s close is lower than the close of the 8-19 bull doji from 4 weeks back.<\/li>\n\n\n\n
- Bulls need a big breakout bar next week or a series of non-climactic bull bars over the next several weeks like in April to convince traders that the market is likely to go to a new high.<\/li>\n\n\n\n
- Bears want the opposite. They want next week to be a bear bar or a doji bar with a close below 8-19 bar. They can then try for sideways to down leg like back in March.<\/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\/09\/NASDAQ-Daily-Bull-Breakout-Attempt-of-Triangle-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week was trading range price action on all days except Thursday which was a bull trend day.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that there should likely be some sellers around the close of 8-30 which was a reasonable buy for a 2nd<\/sup> leg up. Instead, the market had fallen on 9-3.<\/li>\n\n\n\n
- Early in the week, there was trading range price action going sideways. Monday was a bear buy signal bar. Tuesday was a bull sell signal bar. Thursday was an outside down bear bar.<\/li>\n\n\n\n
- The reversals down were happening from around the close of 8-30.<\/li>\n\n\n\n
- Thursday was a bull trend day that closed with a prominent tail above, while Friday was a bear doji inside bar.<\/li>\n\n\n\n
- The market is attempting to breakout of the triangle shown in the chart above but lacking follow-through.<\/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
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- The week is a bull bar with prominent tails closing above the high of last week.<\/li>\n\n\n\n
- This week\u2019s close is lower than the close of the 8-19 bull doji from 4 weeks back.<\/li>\n\n\n\n
- Bulls need a big breakout bar next week or a series of non-climactic bull bars over the next several weeks like in April to convince traders that the market is likely to go to a new high.<\/li>\n\n\n\n
- Bears want the opposite. They want next week to be a bear bar or a doji bar with a close below 8-19 bar. They can then try for sideways to down leg like back in March.<\/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
- This week was trading range price action on all days except Thursday which was a bull trend day.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that there should likely be some sellers around the close of 8-30 which was a reasonable buy for a 2nd<\/sup> leg up. Instead, the market had fallen on 9-3.<\/li>\n\n\n\n
- Early in the week, there was trading range price action going sideways. Monday was a bear buy signal bar. Tuesday was a bull sell signal bar. Thursday was an outside down bear bar.<\/li>\n\n\n\n
- The reversals down were happening from around the close of 8-30.<\/li>\n\n\n\n
- Thursday was a bull trend day that closed with a prominent tail above, while Friday was a bear doji inside bar.<\/li>\n\n\n\n
- The market is attempting to breakout of the triangle shown in the chart above but lacking follow-through.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n