{"id":172857,"date":"2023-03-04T07:00:00","date_gmt":"2023-03-04T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=172857"},"modified":"2023-03-04T02:16:58","modified_gmt":"2023-03-04T10:16:58","slug":"nasdaq-bad-monthly-sell-signal","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-bad-monthly-sell-signal\/","title":{"rendered":"Nasdaq 100 Bad Monthly Sell Signal at EMA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p>February <a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Nasdaq Emini<\/strong>\u00a0candlestick<\/a> is a bear doji bad monthly sell signal bar with a big tail above, and a small tail below, at the monthly exponential moving average (EMA).<\/p>\n\n\n\n<p>This is a weak sell signal and acts more as a trading range bar \u2013 buyers below and sellers above. The market triggered the sell-signal on the first day of the month and then reversed up strongly.<\/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>Monthly<\/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\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema-680x383.png\" alt=\"NASDAQ 100 Monthly Chart Bad Monthly Sell Signal at EMA\" class=\"wp-image-172904\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The weak sell signal bar acts like a first pullback in a micro channel that is usually bought.<\/li>\n\n\n\n<li>The bull micro channel makes it likely that there will be a 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month\u2019s report<\/a> had mentioned that if February has a significant tail above, it could do the opposite of what happened in May-September.<\/li>\n\n\n\n<li>This could mean March could end up as a bull bar closing around the February high, and then the bears could try selling again in April or May.<\/li>\n\n\n\n<li>If instead March, April end up as bear bars, there will likely be buyers around the lower half of January.<\/li>\n\n\n\n<li>The bull targets mentioned in last month\u2019s report and shown on the chart are still valid.<\/li>\n\n\n\n<li>If February had closed far above the monthly EMA, the upside target shown on the chart would have been more probable.<\/li>\n\n\n\n<li>The market was back in the area where there has been very little body overlap since the big bear bar in April 2022 \u2013 IOW, the bars after April have little body overlapping with the body of April. That has been a sign of strength on the part of bears. The bulls could not close that body gap and the body gap still remains.<\/li>\n<\/ul>\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\/03\/NASDAQ-Weekly-support-at-ema.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema-680x383.png\" alt=\"NASDAQ 100 Weekly Chart Support at EMA\" class=\"wp-image-172908\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Weekly-support-at-ema.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 bull reversal bar at the weekly EMA.<\/li>\n\n\n\n<li>Last week started the pullback in the bull micro channel that started in January.<\/li>\n\n\n\n<li>The leg up from January is strong enough that there should be another leg up after the pullback.<\/li>\n\n\n\n<li>If bears could have produced a pair of strong bear bars closing on their lows, bears would sell assuming the monthly EMA is working as resistance.<\/li>\n\n\n\n<li>Given the strong bar last week, bears needed a strong follow-through bar this week to convince sellers that there will be more down.<\/li>\n\n\n\n<li>That did not happen. The weekly EMA acted as support.<\/li>\n\n\n\n<li>This means even if there is another leg down, bulls will buy it.<\/li>\n\n\n\n<li>If there is a leg down, the market should find support at the high of 1\/9 around 11600. It was a 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>Now the question is \u2013 will bulls get a follow-through bar next week? Or will bulls who bought the EMA scalp out which means next week could be bear bar or a bull bar with a tail above.<\/li>\n\n\n\n<li>Since bulls did not have a good signal bar in January or October, the reversal up in January is still likely a minor reversal, and bulls will need a good signal bar around the bar from the week of 1\/2.<\/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 February Nasdaq Emini\u00a0candlestick is a bear doji bad monthly sell signal bar with a big tail above, and a small tail below, at the monthly exponential moving average (EMA). This is a weak sell signal and acts more as a trading range bar \u2013 buyers below and sellers above. [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":172904,"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":[1850,1342,140],"class_list":{"0":"post-172857","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nasdaq-100","9":"tag-nasdaq-100","10":"tag-sell-signal-bar","11":"tag-support-and-resistance","12":"entry","13":"override","14":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/03\/NASDAQ-Monthly-bad-sell-signal-at-ema.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\/172857","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=172857"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/172857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/172904"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=172857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=172857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=172857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}