Most of the damage to the week was done on a single day Friday. The daily chart had a couple of days up, followed by a leg down which looked like a leg in a trading range, except for Friday which is a big bear breakout bar. <\/p>\n\n\n\n
It is too early in the month to say anything different than what the prior report has already said \u2013 given the risk on the monthly and quarterly chart, it is not likely for this month or the next quarter to be bull trend bars.<\/p>\n\n\n\n
NASDAQ 100 E-mini futures<\/h2>\n\n\n\nThe Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/NASDAQ-Weekly-Profit-Taking-After-Reaching-Measured-Move-Target-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a big bear trend bar, reversing the prior two weeks and closing below 30000.<\/li>\n\n\n\n
- One of the bull targets mentioned in prior reports is the measured move (MM) of the bodies of the bar breaking out of the EMA and the follow-through bar, which is at 29900.50.<\/li>\n\n\n\n
- The market closed beyond this target last week.<\/li>\n\n\n\n
- This week is likely the start of profit-taking.<\/li>\n\n\n\n
- The weekly chart has been going straight up since April without any pullbacks, making it difficult to structure long trades along the way. The High 1 buy signal of the 5-18 week provided the first opportunity for bulls to possibly raise their stop or structure a new trade.<\/li>\n\n\n\n
- While last week was a good entry bar, this week is really bad follow-through.<\/li>\n\n\n\n
- The market should allow bulls who bought the close of last week to exit breakeven.<\/li>\n\n\n\n
- If the low of the H1 buy signal is taken out, then the next support area is the close of April \/ open of May month. The prior report<\/a> gives the reasoning why.<\/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\/06\/NASDAQ-Daily-Bear-Breakout-1-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- While bears are still unable to produce consecutive bear trend bars, they produced a really big bear trend bar this week.<\/li>\n\n\n\n
- Monday and Tuesday are small bull bars with tails continuing the leg up from last week.<\/li>\n\n\n\n
- Wednesday is a small bear sell signal bar with tails.<\/li>\n\n\n\n
- Thursday is a gap down but ends up as a bull doji bar. So far, this looks like a leg down in a trading range.<\/li>\n\n\n\n
- Friday is a very big bear trend bar closing on its low, and closing far below the EMA.<\/li>\n\n\n\n
- Given how far the market has closed below the EMA, there will likely be 2nd<\/sup> leg down.<\/li>\n\n\n\n
- Big bars usually do not have good follow-through. So, will Monday be a bear follow-through bar? Less likely.<\/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 big bear trend bar, reversing the prior two weeks and closing below 30000.<\/li>\n\n\n\n
- One of the bull targets mentioned in prior reports is the measured move (MM) of the bodies of the bar breaking out of the EMA and the follow-through bar, which is at 29900.50.<\/li>\n\n\n\n
- The market closed beyond this target last week.<\/li>\n\n\n\n
- This week is likely the start of profit-taking.<\/li>\n\n\n\n
- The weekly chart has been going straight up since April without any pullbacks, making it difficult to structure long trades along the way. The High 1 buy signal of the 5-18 week provided the first opportunity for bulls to possibly raise their stop or structure a new trade.<\/li>\n\n\n\n
- While last week was a good entry bar, this week is really bad follow-through.<\/li>\n\n\n\n
- The market should allow bulls who bought the close of last week to exit breakeven.<\/li>\n\n\n\n
- If the low of the H1 buy signal is taken out, then the next support area is the close of April \/ open of May month. The prior report<\/a> gives the reasoning why.<\/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
- While bears are still unable to produce consecutive bear trend bars, they produced a really big bear trend bar this week.<\/li>\n\n\n\n
- Monday and Tuesday are small bull bars with tails continuing the leg up from last week.<\/li>\n\n\n\n
- Wednesday is a small bear sell signal bar with tails.<\/li>\n\n\n\n
- Thursday is a gap down but ends up as a bull doji bar. So far, this looks like a leg down in a trading range.<\/li>\n\n\n\n
- Friday is a very big bear trend bar closing on its low, and closing far below the EMA.<\/li>\n\n\n\n
- Given how far the market has closed below the EMA, there will likely be 2nd<\/sup> leg down.<\/li>\n\n\n\n
- Big bars usually do not have good follow-through. So, will Monday be a bear follow-through bar? Less likely.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Big bars usually do not have good follow-through. So, will Monday be a bear follow-through bar? Less likely.<\/li>\n<\/ul>\n\n\n\n