Market Overview: NASDAQ 100 E-mini Futures
The NASDAQ E-mini futures week is a doji bull bar reversing up at weekly EMA (exponential moving average), continuing the sideways action into 2025 close.
The daily chart continued down to the weekly EMA in two legs and had a reversal up to close into the daily EMA.
There is nothing new to report about the monthly bar other than what was written last week.
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a doji bull reversal bar reversing up at EMA.
- Last week’s report said that the market would likely find buyers along the way to the EMA and the market would likely go sideways into the close of the year.
- Now, bulls will need a bull bar next week to show they are starting the next leg up.
The Daily NASDAQ chart
- Last week ended with a big bear bar closing far enough below the EMA that it was likely there would be another leg down.
- Monday is a follow-through bear bar to Friday. Tuesday is a doji bull bar, and Wednesday is a big outside bear bar closing at the weekly EMA.
- Thursday is a bull reversal inside bar, and Friday is a bull entry bar closing just above the EMA.
- Now, bulls need a couple of bull bars above the EMA to indicate the market is back in long.
- Bears will sell Friday’s close, betting that bulls will not get the bull bars they need.
- The market is transitioning into a trading range around the EMAs, as a prior report had said.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
