The daily chart had mostly trading range days as a bull channel above the EMA with alternate bear\/bull or doji days.<\/p>\n\n\n\n
This is the first week of the month, so it is too early to say anything other than that the buy the close bulls of the October month should be able to exit breakeven.<\/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\/2025\/12\/NASDAQ-Weekly-Minimum-Follow-Through-to-11-24-Bull-Bar-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull bar with a small body and prominent tails.<\/li>\n\n\n\n
- Bears wanted this week to be a doji bar, or a bear bar, to make the market go sideways to down for at least a small second leg.<\/li>\n\n\n\n
- Bulls wanted at least a small bull bar as a follow-through to last week. Bulls have gotten their follow-through.<\/li>\n\n\n\n
- The market is now in the sell-zone \u2013 bulls who bought the close of the last week of October, or the close of the October month and were trapped will likely sell, and bears will sell, expecting the same.<\/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\/2025\/12\/NASDAQ-Daily-Bull-Channel-above-EMA-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Last week ended with a surprise bullish reversal that started above the weekly EMA to close above the daily EMA with a couple of bull bars closing above daily EMA.<\/li>\n\n\n\n
- Such a surprise usually has a 2nd<\/sup> leg. This week is a much weaker channel from last week\u2019s spike.<\/li>\n\n\n\n
- Monday is a bear bar that triggers Friday\u2019s low and finds buyers below, thus ending with a long tail below. It also starts the channel phase.<\/li>\n\n\n\n
- Tuesday is the start of the next leg. It is a strong bull bar with prominent tails. Wednesday, however, is a bull doji follow-through.<\/li>\n\n\n\n
- Thursday is another bear doji day, and Friday a bull bar with a long tail above.<\/li>\n\n\n\n
- The second half of the week – Wednesday-Friday is trading range price action.<\/li>\n\n\n\n
- This makes it likely that the market will attempt a leg down early next week.<\/li>\n\n\n\n
- The market is also back in the area of the two bull close above EMA back on 11-5 and 11-10. <\/li>\n\n\n\n
- Bears would like to not have a close above the 11-5 close and form a lower high close (this Friday), and start a leg 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 bull bar with a small body and prominent tails.<\/li>\n\n\n\n
- Bears wanted this week to be a doji bar, or a bear bar, to make the market go sideways to down for at least a small second leg.<\/li>\n\n\n\n
- Bulls wanted at least a small bull bar as a follow-through to last week. Bulls have gotten their follow-through.<\/li>\n\n\n\n
- The market is now in the sell-zone \u2013 bulls who bought the close of the last week of October, or the close of the October month and were trapped will likely sell, and bears will sell, expecting the same.<\/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 ended with a surprise bullish reversal that started above the weekly EMA to close above the daily EMA with a couple of bull bars closing above daily EMA.<\/li>\n\n\n\n
- Such a surprise usually has a 2nd<\/sup> leg. This week is a much weaker channel from last week\u2019s spike.<\/li>\n\n\n\n
- Monday is a bear bar that triggers Friday\u2019s low and finds buyers below, thus ending with a long tail below. It also starts the channel phase.<\/li>\n\n\n\n
- Tuesday is the start of the next leg. It is a strong bull bar with prominent tails. Wednesday, however, is a bull doji follow-through.<\/li>\n\n\n\n
- Thursday is another bear doji day, and Friday a bull bar with a long tail above.<\/li>\n\n\n\n
- The second half of the week – Wednesday-Friday is trading range price action.<\/li>\n\n\n\n
- This makes it likely that the market will attempt a leg down early next week.<\/li>\n\n\n\n
- The market is also back in the area of the two bull close above EMA back on 11-5 and 11-10. <\/li>\n\n\n\n
- Bears would like to not have a close above the 11-5 close and form a lower high close (this Friday), and start a leg down. <\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n