On the daily chart, the market is accelerating up from the exponential moving average (EMA). Three of the five days were non-climactic bull trend bars although with bad follow-through. <\/p>\n\n\n\n
The month is already almost half as big as last month, with more than three weeks to go. If the month becomes too big too soon, it will result in profit taking.<\/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\/12\/NASDAQ-Weekly-Good-Bull-Follow-Through-to-Doji-Entry-Bar-of-11-25-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a strong follow-through bull trend bar to doji entry bar of 11-27.<\/li>\n\n\n\n
- It is a good breakout attempt over the prior high and closed far above prior high. Bulls need a good follow-through bar.<\/li>\n\n\n\n
- Bears would like a strong sell signal bar to signify another breakout failure of the all-time high.<\/li>\n\n\n\n
- It is more likely both will be disappointed \u2013 Next week will likely be a doji bar.<\/li>\n\n\n\n
- There were likely sellers of the weak doji entry bar last week that were hoping for a stronger second leg down. This week has trapped those sellers.<\/li>\n\n\n\n
- So, there should be buyers below the big bull bar of this week, acting as temporary support.<\/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\/12\/NASDAQ-Daily-Bulls-Accelerating-up-From-Ema-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Last week, the market made couple of attempts to resume a leg down, but both times bulls bought with bull reversal bars above EMA.<\/li>\n\n\n\n
- This week, the market is quickly accelerating up from the EMA towards the measured move (MM) target shown from the breakout of the EMA in early November.<\/li>\n\n\n\n
- Three of the five days \u2013 Monday, Wednesday and Friday were non-climactic bull trend bars, although Tuesday was a small follow-through bull bar, and Thursday was a small bear doji bar.<\/li>\n\n\n\n
- The market was in a bull micro-channel till Thursday where every low was above the prior day low. Friday was an outside up bull bar.<\/li>\n\n\n\n
- Friday is likely the start of the next leg up. Given that this week is a big bar, it is more probable that next week will be a smaller bar or a doji bar. <\/li>\n\n\n\n
- It is likely early part of next week \u2013 at least Monday and Tuesday will be bull bars, and the second half of next week will be sideways to down.<\/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 strong follow-through bull trend bar to doji entry bar of 11-27.<\/li>\n\n\n\n
- It is a good breakout attempt over the prior high and closed far above prior high. Bulls need a good follow-through bar.<\/li>\n\n\n\n
- Bears would like a strong sell signal bar to signify another breakout failure of the all-time high.<\/li>\n\n\n\n
- It is more likely both will be disappointed \u2013 Next week will likely be a doji bar.<\/li>\n\n\n\n
- There were likely sellers of the weak doji entry bar last week that were hoping for a stronger second leg down. This week has trapped those sellers.<\/li>\n\n\n\n
- So, there should be buyers below the big bull bar of this week, acting as temporary support.<\/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
- Last week, the market made couple of attempts to resume a leg down, but both times bulls bought with bull reversal bars above EMA.<\/li>\n\n\n\n
- This week, the market is quickly accelerating up from the EMA towards the measured move (MM) target shown from the breakout of the EMA in early November.<\/li>\n\n\n\n
- Three of the five days \u2013 Monday, Wednesday and Friday were non-climactic bull trend bars, although Tuesday was a small follow-through bull bar, and Thursday was a small bear doji bar.<\/li>\n\n\n\n
- The market was in a bull micro-channel till Thursday where every low was above the prior day low. Friday was an outside up bull bar.<\/li>\n\n\n\n
- Friday is likely the start of the next leg up. Given that this week is a big bar, it is more probable that next week will be a smaller bar or a doji bar. <\/li>\n\n\n\n
- It is likely early part of next week \u2013 at least Monday and Tuesday will be bull bars, and the second half of next week will be sideways to down.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n