{"id":178708,"date":"2023-05-20T07:00:00","date_gmt":"2023-05-20T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=178708"},"modified":"2023-05-20T04:03:58","modified_gmt":"2023-05-20T11:03:58","slug":"nasdaq-100-breakout-attempt","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-100-breakout-attempt\/","title":{"rendered":"Nasdaq 100 Breakout Attempt above August 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: NASDAQ 100 Emini Futures<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NASDAQ 100<\/strong> breakout attempt<\/a> above August 2022 high, and the trading range of past 8 weeks.<\/p>\n\n\n\n<p>The question is: Is this a new breakout or a climax bar? Bulls will need a follow-through bar next week to increase the odds this is a breakout.<\/p>\n\n\n\n<p>So far the monthly bar is a bull trend bar. Bulls need to close the month above the August 2022 month high. Bears want the opposite.<\/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\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high-680x383.png\" alt=\"Nasdaq 100 breakout attempt above August 2022 on weekly chart.\" class=\"wp-image-178738\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week is a big bull trend bar closing far above prior week high.<\/li>\n\n\n\n<li>The market met the bull target of the close of week of 8\/8 at 13569.75 \u2013 the last bull bar of the micro channel up in August. It closed the week well beyond it.<\/li>\n\n\n\n<li>The next bull target is the close of 3\/28\/2022 at 14831.<\/li>\n\n\n\n<li>Bulls need follow-through bar next week to confirm the new breakout.<\/li>\n\n\n\n<li>Bears have not done much yet.<\/li>\n\n\n\n<li>There have been no consecutive bear bars since December of 2022.<\/li>\n\n\n\n<li>There has not been a close below a prior bar since early March.<\/li>\n\n\n\n<li>The first bear target is the bottom of week of 4\/24 \u2013 12800.<\/li>\n\n\n\n<li>There is also a body gap created by the week of 1\/30 \u2013 There has not been a bear close after the market broke above the close of 1\/30 that overlaps with the body of 1\/30.<\/li>\n\n\n\n<li>The next target for bears will be to close the body gap by going below close of 1\/30 \u2013 12613.25<\/li>\n\n\n\n<li>The weekly exponential moving average (EMA) is touching the monthly EMA from below for the first time since it crossed below in June 2022 (shown by the green shaded region on the chart)<\/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\/05\/NASDAQ-Daily-test-of-august-2022-swing-high.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high-680x383.png\" alt=\"Nasdaq Daily Test of August 2022 swing high\" class=\"wp-image-178741\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Daily-test-of-august-2022-swing-high.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Friday is a small bear bar.<\/li>\n\n\n\n<li>The market is in a bull micro channel and accelerating up parabolically this week.<\/li>\n\n\n\n<li>The move up may be a buy vacuum test of the August high, which was the next major swing target.<\/li>\n\n\n\n<li>Wednesday was a big bull bar and Thursday was an even big bull bar.<\/li>\n\n\n\n<li>This is not sustainable, and the market should go sideways soon.<\/li>\n\n\n\n<li>Every day this week except Friday was a bull bar.<\/li>\n\n\n\n<li>When there is a bigger pullback, some of the possible targets and areas of support are shown in the chart.<\/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 NASDAQ 100 breakout attempt above August 2022 high, and the trading range of past 8 weeks. The question is: Is this a new breakout or a climax bar? Bulls will need a follow-through bar next week to increase the odds this is a breakout. So far the monthly bar [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":178738,"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":[1873,1850],"class_list":{"0":"post-178708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nasdaq-100","9":"tag-bull-breakout","10":"tag-nasdaq-100","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/05\/NASDAQ-Weekly-breakout-attempt-above-august-2022-high.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\/178708","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=178708"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/178708\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/178738"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=178708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=178708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=178708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}