The month is a surprisingly good follow-through bar, given how big the quarterly bar already was at the end of May. Looking back, the monthly chart is in a big expanding triangle \u2013 starting August 2024, which went below a prior low, and then the market went above a prior high in December. The market then went below the prior low of August 2024, and is now at a new high. Does that mean the next low will be below the April low?<\/p>\n\n\n\n
The week is a short trading week. It is a bull doji bar with prominent tails. It went above the all-time high from December and closed above it as well.<\/p>\n\n\n\n
The yearly bar is an outside up bull bar now with a long tail below.<\/p>\n\n\n\n
NASDAQ 100 Emini futures<\/h2>\n\n\n\nThe Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/NASDAQ-Monthly-Good-Bull-Follow-Through-to-May-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The June month bar is a bull trend bar and a good follow-through to May, which broke out above the monthly EMA.<\/li>\n\n\n\n
- This month\u2019s bullishness is another surprise \u2013 The last two months\u2019 report had mentioned that the quarterly bar was already the biggest bar in recent past with the April month, so May and June were not likely to break out above the April bar. However, May did break out above April and made the quarterly bar even bigger.<\/li>\n\n\n\n
- Given that, it was even less likely for June to be another bull trend bar. Instead, June is also a bull trend bar.<\/li>\n\n\n\n
- Given that June is a good bull bar, there will likely be a second leg up \u2013 even if some of the months in the Q3 quarter are sideways.<\/li>\n\n\n\n
- There are a couple of bull targets on the monthly chart \u2013 One from prior reports, which is the measured move target of the high close of 2021 and low close of 2022, which is not far above.<\/li>\n\n\n\n
- Another bull target now would be the measured move of the bodies of the May and June bull bodies \u2013 so the bet would be that one would put a stop below the low of the May bar, and buy anywhere now, is there a 60% chance the market will reach the measured move target before it hits the stop?<\/li>\n\n\n\n
- The one challenge to the bull case is that the Q2 quarterly bar is huge, with a long tail below, implying a lot of risk. Big bars usually have a bad follow-through. So, this quarter is more likely to be a doji bar, than another bull trend bar.<\/li>\n\n\n\n
- There are now sellers likely trapped at the May close, and the monthly EMA.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/NASDAQ-Weekly-Bull-Doji-With-Prominent-Tails-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull doji bar with prominent tails, but closing above last week\u2019s high, and above the prior December all-time high.<\/li>\n\n\n\n
- Last week was a big bull trend bar, and big bars usually do not have good follow-through.<\/li>\n\n\n\n
- Bulls would like a series of series of non-climactic bull trend bars over the next several weeks to convince traders that they can reach the targets mentioned in the monthly section above.<\/li>\n\n\n\n
- Bears want the opposite, they want to prevent bull closes above prior bars, and start a sideways to down move.<\/li>\n\n\n\n
- While the weekly chart looks like a big-up, big-down and confusion, the monthly chart is more bullish because of a pair of good bull bars \u2013 May, and June.<\/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 June month bar is a bull trend bar and a good follow-through to May, which broke out above the monthly EMA.<\/li>\n\n\n\n
- This month\u2019s bullishness is another surprise \u2013 The last two months\u2019 report had mentioned that the quarterly bar was already the biggest bar in recent past with the April month, so May and June were not likely to break out above the April bar. However, May did break out above April and made the quarterly bar even bigger.<\/li>\n\n\n\n
- Given that, it was even less likely for June to be another bull trend bar. Instead, June is also a bull trend bar.<\/li>\n\n\n\n
- Given that June is a good bull bar, there will likely be a second leg up \u2013 even if some of the months in the Q3 quarter are sideways.<\/li>\n\n\n\n
- There are a couple of bull targets on the monthly chart \u2013 One from prior reports, which is the measured move target of the high close of 2021 and low close of 2022, which is not far above.<\/li>\n\n\n\n
- Another bull target now would be the measured move of the bodies of the May and June bull bodies \u2013 so the bet would be that one would put a stop below the low of the May bar, and buy anywhere now, is there a 60% chance the market will reach the measured move target before it hits the stop?<\/li>\n\n\n\n
- The one challenge to the bull case is that the Q2 quarterly bar is huge, with a long tail below, implying a lot of risk. Big bars usually have a bad follow-through. So, this quarter is more likely to be a doji bar, than another bull trend bar.<\/li>\n\n\n\n
- There are now sellers likely trapped at the May close, and the monthly EMA.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The week is a bull doji bar with prominent tails, but closing above last week\u2019s high, and above the prior December all-time high.<\/li>\n\n\n\n
- Last week was a big bull trend bar, and big bars usually do not have good follow-through.<\/li>\n\n\n\n
- Bulls would like a series of series of non-climactic bull trend bars over the next several weeks to convince traders that they can reach the targets mentioned in the monthly section above.<\/li>\n\n\n\n
- Bears want the opposite, they want to prevent bull closes above prior bars, and start a sideways to down move.<\/li>\n\n\n\n
- While the weekly chart looks like a big-up, big-down and confusion, the monthly chart is more bullish because of a pair of good bull bars \u2013 May, and June.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n