{"id":170778,"date":"2023-02-18T07:00:00","date_gmt":"2023-02-18T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=170778"},"modified":"2023-02-19T02:03:42","modified_gmt":"2023-02-19T10:03:42","slug":"nasdaq-100-continued-pause","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-100-continued-pause\/","title":{"rendered":"Nasdaq 100 Continued Pause in Bull Micro Channel at Monthly EMA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NASDAQ Emini<\/strong> futures<\/a> continued pause with another doji week sideways at the monthly exponential moving average (EMA).<\/p>\n\n\n\n<p>The month so far is a bull bar with a big tail above. As expected, the upside was limited given big sideways bars in the previous few months. It is likely February will disappoint bulls with a tail above.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">NASDAQ 100 Emini futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2-680x383.png\" alt=\"Nasdaq Weekly Continued Pause in Bull Micro Channel at Monthly EMA\" class=\"wp-image-170803\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick is a doji reversal bar inside last week\u2019s bar.<\/li>\n\n\n\n<li>Last week was an inside week to the prior week. This is a breakout mode situation \u2013 i.e. it is better to wait for a strong breakout to determine whether the market breaks up or has a pullback first.<\/li>\n\n\n\n<li>The leg up in January is strong enough that there should be another leg up after a pullback.<\/li>\n\n\n\n<li>If bears produce weak bear bars in the pullback, bulls will buy for another leg up.<\/li>\n\n\n\n<li>If bears can produce a pair of strong bear bars closing on their lows, bears will sell assuming the monthly EMA is working as resistance.<\/li>\n\n\n\n<li>Given the bull micro channel going on since January (low of bar higher than prior bar low), there were expected to be buyers below last week.<\/li>\n\n\n\n<li>This week did not go below last week, instead going up from above last week\u2019s close and then selling off from upper third of last week\u2019s bar.<\/li>\n\n\n\n<li>The bull targets mentioned last week are still valid \u2013 one possible bull target is the Leg1\/Leg2 target at 13157 where Leg 1 is the move up from June to August and Leg 2 is the move up from October.<\/li>\n\n\n\n<li>Another target is the close of Week of 8\/8 at 13569.75 \u2013 the last bull bar of the micro channel up in August. That was a reasonable buy the close bar, and there are trapped bulls up there.<\/li>\n\n\n\n<li>If there is a pullback, it should go to the high of the week of January 9 around 11600. It was a reasonable sell at the weekly EMA for a possible 2<sup>nd<\/sup> leg down back, so a test target.<\/li>\n\n\n\n<li>Since bulls did not have a good signal bar, this is still likely a minor reversal, and bulls will need a good signal bar around the bar from the week of January 2.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema-680x383.png\" alt=\"Nasdaq Daily Pullback to Daily EMA\" class=\"wp-image-170800\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Daily-pullback-to-daily-ema.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Friday\u2019s NQ candlestick is a doji bar at the bottom of the 2-week trading range just below the monthly EMA, and at the daily EMA.<\/li>\n\n\n\n<li>This week started with three good bull days Monday-Wednesday to the top of the trading range. Thursday was a bear day, and Friday a doji.<\/li>\n\n\n\n<li>The market is back at the breakout point of January 27.<\/li>\n\n\n\n<li>In the trading range of the last two weeks, there are stronger bull bars than bear bars. This week had three consecutive bull bars closing on their highs.<\/li>\n\n\n\n<li>At the same time, the signal bars at the bottom of the trading range are doji bars and any breakout of doji bars is not likely to result in a bull trend.<\/li>\n\n\n\n<li>Given the monthly EMA is still far away from the weekly EMA, the market will have to go sideways between the monthly and weekly EMA till the monthly EMA comes close enough to the weekly EMA (like back in mid-August) for the market to go above all of them.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures continued pause with another doji week sideways at the monthly exponential moving average (EMA). The month so far is a bull bar with a big tail above. As expected, the upside was limited given big sideways bars in the previous few months. It is likely [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":170803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[136,1849],"tags":[347,1850],"class_list":{"0":"post-170778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nasdaq-100","9":"tag-micro-channel","10":"tag-nasdaq-100","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/NASDAQ-Weekly-pause-in-bull-micro-channel-at-monthly-ema-2.png","author_info":{"display_name":"Rajesh","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/rajeshh_98yahoo-com\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/170778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/3331"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=170778"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/170778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/170803"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=170778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=170778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=170778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}