Given the pair of weekly bear doji bars over past two weeks, the market will likely make at least a small second leg down for the strong leg down in December.<\/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\/2023\/01\/NASDAQ-Weekly-Pair-of-Doji-Bars-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- This week\u2019s candlestick is the second bear doji bar with a big tail below.<\/li>\n\n\n\n
- The positive for the bulls is that they have stopped the bears from having strong bear bars for two weeks in a row.<\/li>\n\n\n\n
- The positive for the bears is that the bars are doji bear bars following strong bear bars and not bull bars. So likely sellers above for a 2nd<\/sup> leg following the strong leg in December.<\/li>\n\n\n\n
- As mentioned before, bulls will need a good signal bar around the bar from the week of 10\/10. The market is down around that level. Can the bulls create a good bull buy signal bar in the next few weeks?<\/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\/2023\/01\/NASDAQ-Daily-Trading-Range-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- Friday\u2019s NQ candlestick is a bull trend bar with a big tail below and a small tail above closing just below the exponential moving average (EMA).<\/li>\n\n\n\n
- Friday made a new low for the week, but also reversed most of the week up.<\/li>\n\n\n\n
- Big bull bars just below the EMA will usually attract some sellers.<\/li>\n\n\n\n
- The market has been mostly sideways for the past two weeks.<\/li>\n\n\n\n
- The market will likely continue to be in a trading range for the next couple of weeks, with the high between 11356.75 (the high of the gap that closed on the way down) and the weekly EMA at 11627.5.<\/li>\n\n\n\n
- The bulls would like still like the market to be above the right shoulder low so that they still have a chance at the Measured Move (MM) target of the Inverse Head and Shoulder (IVH).<\/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- \n
- This week\u2019s candlestick is the second bear doji bar with a big tail below.<\/li>\n\n\n\n
- The positive for the bulls is that they have stopped the bears from having strong bear bars for two weeks in a row.<\/li>\n\n\n\n
- The positive for the bears is that the bars are doji bear bars following strong bear bars and not bull bars. So likely sellers above for a 2nd<\/sup> leg following the strong leg in December.<\/li>\n\n\n\n
- As mentioned before, bulls will need a good signal bar around the bar from the week of 10\/10. The market is down around that level. Can the bulls create a good bull buy signal bar in the next few weeks?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- Friday\u2019s NQ candlestick is a bull trend bar with a big tail below and a small tail above closing just below the exponential moving average (EMA).<\/li>\n\n\n\n
- Friday made a new low for the week, but also reversed most of the week up.<\/li>\n\n\n\n
- Big bull bars just below the EMA will usually attract some sellers.<\/li>\n\n\n\n
- The market has been mostly sideways for the past two weeks.<\/li>\n\n\n\n
- The market will likely continue to be in a trading range for the next couple of weeks, with the high between 11356.75 (the high of the gap that closed on the way down) and the weekly EMA at 11627.5.<\/li>\n\n\n\n
- The bulls would like still like the market to be above the right shoulder low so that they still have a chance at the Measured Move (MM) target of the Inverse Head and Shoulder (IVH).<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- As mentioned before, bulls will need a good signal bar around the bar from the week of 10\/10. The market is down around that level. Can the bulls create a good bull buy signal bar in the next few weeks?<\/li>\n<\/ul>\n\n\n\n