The daily chart is in a triangle around the daily EMA, with the range getting narrower.<\/p>\n\n\n\n
The monthly bar is an inside doji bear bar. As prior reports have mentioned, the next few months will likely be sideways, as the prior quarter is a big bar, and big bars usually do not have good follow-through.<\/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\/07\/NASDAQ-Weekly-High3-Buy-Signal-After-Bad-High2-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a High 3 buy signal bar after the bad inside buy signal bar last week \u2013 a bar with a prominent tail above.<\/li>\n\n\n\n
- While this looks like a bad buy signal bar wrt the 20 EMA, the buy signal is at the 10 ema. So, traders who trade the 10 EMA will likely buy to keep the market above it.<\/li>\n\n\n\n
- The question is whether the triangle will lead to an expanding triangle as it has happened in the past.<\/li>\n\n\n\n
- This means that the market could revisit the highs from this buy signal and then visit the 20 EMA over the next month.<\/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\/07\/NASDAQ-Daily-Triangle-Around-Ema-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market has been oscillating around the EMA with the range narrowing for the past month.<\/li>\n\n\n\n
- Monday is the first trading day after the Friday holiday. It is a bull bar opening below the EMA and closing at the EMA. This is usually not a good buy.<\/li>\n\n\n\n
- Also, last Thursday was a pair of strong bear bars, taking the market far below the EMA. There were likely buyers at the EMA after last Wednesday, expecting a second leg to last Monday-Tuesday.<\/li>\n\n\n\n
- Those buyers were trapped when last Thursday closed as a bear bar.<\/li>\n\n\n\n
- Monday allowed those buyers to exit.<\/li>\n\n\n\n
- Now, a second leg down was likely after the pair of bear bars last Wednesday-Thursday. Tuesday is a bear bar with an open above the EMA and a close around the prior low close from the last couple of weeks.<\/li>\n\n\n\n
- Now, bears need a follow-through bear bar on Wednesday. They do get sellers, but buyers come in, and the day ends as a small bull bar with a long tail below.<\/li>\n\n\n\n
- Wednesday is a buy signal around the prior week’s lows. Thursday is a good entry bar, closing back just above the EMA.<\/li>\n\n\n\n
- Bulls need one more non-doji bull bar closing above the EMA to increase the odds of buyers above. Bulls get a small follow-through bar on Friday despite an attempt earlier in the day to sell at the EMA, resulting in a prominent tail below.<\/li>\n\n\n\n
- There will likely be buyers above Friday on Monday. There are bull targets above, specifically the close of 6\/30, which was a reasonable buy.<\/li>\n\n\n\n
- The question will then be whether there are buyers above 6\/30, or whether sellers come in? If sellers come in, this could lead to the expanding triangle formation.<\/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 High 3 buy signal bar after the bad inside buy signal bar last week \u2013 a bar with a prominent tail above.<\/li>\n\n\n\n
- While this looks like a bad buy signal bar wrt the 20 EMA, the buy signal is at the 10 ema. So, traders who trade the 10 EMA will likely buy to keep the market above it.<\/li>\n\n\n\n
- The question is whether the triangle will lead to an expanding triangle as it has happened in the past.<\/li>\n\n\n\n
- This means that the market could revisit the highs from this buy signal and then visit the 20 EMA over the next month.<\/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 market has been oscillating around the EMA with the range narrowing for the past month.<\/li>\n\n\n\n
- Monday is the first trading day after the Friday holiday. It is a bull bar opening below the EMA and closing at the EMA. This is usually not a good buy.<\/li>\n\n\n\n
- Also, last Thursday was a pair of strong bear bars, taking the market far below the EMA. There were likely buyers at the EMA after last Wednesday, expecting a second leg to last Monday-Tuesday.<\/li>\n\n\n\n
- Those buyers were trapped when last Thursday closed as a bear bar.<\/li>\n\n\n\n
- Monday allowed those buyers to exit.<\/li>\n\n\n\n
- Now, a second leg down was likely after the pair of bear bars last Wednesday-Thursday. Tuesday is a bear bar with an open above the EMA and a close around the prior low close from the last couple of weeks.<\/li>\n\n\n\n
- Now, bears need a follow-through bear bar on Wednesday. They do get sellers, but buyers come in, and the day ends as a small bull bar with a long tail below.<\/li>\n\n\n\n
- Wednesday is a buy signal around the prior week’s lows. Thursday is a good entry bar, closing back just above the EMA.<\/li>\n\n\n\n
- Bulls need one more non-doji bull bar closing above the EMA to increase the odds of buyers above. Bulls get a small follow-through bar on Friday despite an attempt earlier in the day to sell at the EMA, resulting in a prominent tail below.<\/li>\n\n\n\n
- There will likely be buyers above Friday on Monday. There are bull targets above, specifically the close of 6\/30, which was a reasonable buy.<\/li>\n\n\n\n
- The question will then be whether there are buyers above 6\/30, or whether sellers come in? If sellers come in, this could lead to the expanding triangle formation.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n