{"id":233382,"date":"2025-03-29T07:00:00","date_gmt":"2025-03-29T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=233382"},"modified":"2025-04-11T16:53:16","modified_gmt":"2025-04-11T23:53:16","slug":"nasdaq-100-first-close-below-monthly-ema-since-october-2023","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nasdaq-100-first-close-below-monthly-ema-since-october-2023\/","title":{"rendered":"Nasdaq 100 First Close Below Monthly Ema Since October 2023"},"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\" data-type=\"link\" data-id=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NASDAQ Emini<\/strong> futures<\/a> week is a big outside down bear bar closing on its low just below the monthly EMA \u2013 exponential moving average. It is the first close below monthly EMA since October 2023.<\/p>\n\n\n\n<p>The daily chart started with two bull days to go above the daily EMA, and then reversed to have three bear days to close below the monthly EMA<\/p>\n\n\n\n<p>The monthly bar is a big bear trend bar closing at its low just below the EMA. Monday is the last day of the month and quarter. Bulls want to buy and add as much of a tail as possible to both the monthly and quarterly bar. <\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-market-reached-monthly-ema\/#031025BigMonth\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-market-reached-monthly-ema\/#031025BigMonth\" rel=\"noreferrer noopener\">report two weeks ago<\/a> had said that the monthly bar was fairly big and the remaining two full weeks of the month would likely be within the range of the monthly bar as of two weeks ago. The market met that expectation.<\/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\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023-680x383.jpg\" alt=\"Nasdaq Weekly First Close Below Monthly Ema Since October 2023\" class=\"wp-image-233444\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023.jpg 1280w\" 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 big outside down bear bar with a prominent tail above, closing on its low just below the monthly EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725Doji\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725Doji\" target=\"_blank\" rel=\"noreferrer noopener\">Last week\u2019s report<\/a> had outlined both the bull and the bear case for this week \u2013 The report said, that while it was less likely for this week to be a bull bar, it was also less likely to be a big bear bar closing near its low.<\/li>\n\n\n\n<li>The less likely scenario of a bear bar closing at its low has happened.<\/li>\n\n\n\n<li>The market did trigger the bad buy signal bar, closed the gap between the bear bars of 3-10 and 3-3, and then sold off.<\/li>\n\n\n\n<li>This is the first time in weeks where bull scalpers on weekly chart made money &#8211; bulls who bought the close of week of 3-3 and bought more at monthly EMA, were able to exit breakeven on their first trade. This is likely why the market sold off around the 3-3 close this week.<\/li>\n\n\n\n<li id=\"032425bearbarsupport\"><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725BearTrendBar\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725BearTrendBar\" rel=\"noreferrer noopener\">Last week\u2019s report<\/a> also said that if this week is a bear trend bar at support \u2013 the monthly EMA, bulls will likely buy next week because last week is a bad sell signal bar, and its unlikely for two consecutive bear weeks at support.<\/li>\n\n\n\n<li>If bears can produce another good follow-through bar next week, then it will be a surprise and should lead to another 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\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema-680x383.jpg\" alt=\"Nasdaq Daily Rejection at EMA\" class=\"wp-image-233448\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Daily-Rejection-at-Ema.jpg 1280w\" 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><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725Targets\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-possible-sideways-move-at-monthly-ema\/#031725Targets\" target=\"_blank\" rel=\"noreferrer noopener\">Last week\u2019s report<\/a> said that there are targets both above and below. Bulls have visited the first target of the daily EMA, and now bears want to visit the second target below the monthly EMA.<\/li>\n\n\n\n<li>The market broke above the bear channel line on Monday and closed above the daily EMA with another bull bar on Tuesday.<\/li>\n\n\n\n<li>It was expected that sellers would appear at the daily EMA after 20 bars below it. On Wednesday, the market had a big bear trend bar and closed below the daily EMA again.<\/li>\n\n\n\n<li>The move up to the EMA is channel and spike.<\/li>\n\n\n\n<li>Thursday is a small follow-through bear bar. This was one of those opportunities for the bulls where they could have created a good buy signal bar Friday to form a higher low, or at least a small second leg up corresponding to the move up to the EMA.<\/li>\n\n\n\n<li id=\"032425SurpriseBar\">Instead, bears got a big bear trend bar Friday. Some bulls may have bought the close of Thursday front-running the second leg up. Such bulls are now trapped.<\/li>\n\n\n\n<li>Now bears need another good bear follow-through bar below the monthly EMA. This is less likely as big bars usually do not have good follow-through.<\/li>\n\n\n\n<li>This will also be in line with bulls who will buy Monday to add a tail to the monthly and quarterly bar.<\/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 outside down bear bar closing on its low just below the monthly EMA \u2013 exponential moving average. It is the first close below monthly EMA since October 2023. The daily chart started with two bull days to go above the daily [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":233444,"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":"nasdaq","_genesis_layout":"","footnotes":""},"categories":[136,1849],"tags":[1850],"class_list":{"0":"post-233382","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":"nasdaq"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/03\/NASDAQ-Weekly-First-Close-Below-Monthly-Ema-Since-October-2023.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\/233382","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=233382"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/233382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/233444"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=233382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=233382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=233382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}