The weekly and daily chart is at the apex of a triangle in a continued sideways breakout mode pattern. The weekly chart finally has a reasonable buy signal at the weekly EMA.<\/p>\n\n\n\n
The monthly chart is still a doji bull inside bar. There is one more week left in the month. Bulls want to close the month with a good bull body, while bears want a doji close to keep the chance of a leg down towards the monthly EMA.<\/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\/2026\/01\/NASDAQ-Weekly-Buy-Signal-at-Weekly-Ema-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull bar with prominent tails at the weekly EMA.<\/li>\n\n\n\n
- Previous reports have said that bulls need to create a good buy signal bar at the EMA. They finally have a reasonable buy signal bar.<\/li>\n\n\n\n
- Next, they need a good entry bar.<\/li>\n\n\n\n
- This week has a longer tail at the bottom. Can next week have a big tail at the top, esp. if it reaches the highest close from end of October, and finds sellers?<\/li>\n\n\n\n
- If that happens, it’s likely the sideways move continues, and then bears will try to break below the EMA.<\/li>\n\n\n\n
- If next week is a good entry bar, then bulls will likely buy for a leg up.<\/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\/2026\/01\/NASDAQ-Daily-Sideways-Around-Emas-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The daily chart continues the sideways move around the daily and weekly EMA.<\/li>\n\n\n\n
- This is a short trading week as Monday is a trading holiday. Tuesday broke below the daily EMA and closed far enough below EMA, and at the weekly EMA.<\/li>\n\n\n\n
- The close of Tuesday was close to the 12-17 close. Since the market had reversed sharply from the 12-17 close, and the market was also at the weekly EMA again, there was likely to be a bounce.<\/li>\n\n\n\n
- Wednesday is a big bull reversal bar, reversing Tuesday\u2019s bear bar and closing just below the EMA.<\/li>\n\n\n\n
- It was likely that there were sellers at Wednesday’s close, given the big down, big up.<\/li>\n\n\n\n
- Instead, Thursday and Friday are small bull bars trying to get back above the EMA.<\/li>\n\n\n\n
- Friday closed above the EMA, but has a prominent tail above, so it’s likely there will be a leg down early next week.<\/li>\n\n\n\n
- There will also likely be a second leg up, given the surprise bull bars on Thursday and Friday.<\/li>\n\n\n\n
- In other words, the sideways move will likely continue till one side gets strong consecutive bars.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/NASDAQ-Weekly-Buy-Signal-at-Weekly-Ema.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The week is a bull bar with prominent tails at the weekly EMA.<\/li>\n\n\n\n
- Previous reports have said that bulls need to create a good buy signal bar at the EMA. They finally have a reasonable buy signal bar.<\/li>\n\n\n\n
- Next, they need a good entry bar.<\/li>\n\n\n\n
- This week has a longer tail at the bottom. Can next week have a big tail at the top, esp. if it reaches the highest close from end of October, and finds sellers?<\/li>\n\n\n\n
- If that happens, it’s likely the sideways move continues, and then bears will try to break below the EMA.<\/li>\n\n\n\n
- If next week is a good entry bar, then bulls will likely buy for a leg up.<\/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
- The daily chart continues the sideways move around the daily and weekly EMA.<\/li>\n\n\n\n
- This is a short trading week as Monday is a trading holiday. Tuesday broke below the daily EMA and closed far enough below EMA, and at the weekly EMA.<\/li>\n\n\n\n
- The close of Tuesday was close to the 12-17 close. Since the market had reversed sharply from the 12-17 close, and the market was also at the weekly EMA again, there was likely to be a bounce.<\/li>\n\n\n\n
- Wednesday is a big bull reversal bar, reversing Tuesday\u2019s bear bar and closing just below the EMA.<\/li>\n\n\n\n
- It was likely that there were sellers at Wednesday’s close, given the big down, big up.<\/li>\n\n\n\n
- Instead, Thursday and Friday are small bull bars trying to get back above the EMA.<\/li>\n\n\n\n
- Friday closed above the EMA, but has a prominent tail above, so it’s likely there will be a leg down early next week.<\/li>\n\n\n\n
- There will also likely be a second leg up, given the surprise bull bars on Thursday and Friday.<\/li>\n\n\n\n
- In other words, the sideways move will likely continue till one side gets strong consecutive bars.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n