The July monthly bar is a doji bull bar with a small tail below and a bigger tail above. There is little over a week left until the end of the month. Bulls want the close near the high of the month, while bears want a bear bar or at least a close below the mid-point.<\/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\/07\/NASDAQ-Weekly-Failed-breakout-above-June-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- The week is a bear reversal sell signal bar near the high of the previous week.<\/li>\n\n\n\n
- Bears needed a good reversal bar. They got one. Now they need next week to close below the reversal bar.<\/li>\n\n\n\n
- If bears can do that, their next target would be to close the body gap with March 2022 close at 14831.<\/li>\n\n\n\n
- Bulls want the opposite \u2013 They want to trigger the sell signal bar but close above the low like they have been doing for many weeks.<\/li>\n\n\n\n
- Even if the bears get a close below this week, there will likely be buyers around the low of prior week and the body gap of March 2022.<\/li>\n\n\n\n
- The next target for the bulls is \u2013\n
\n- The high close of 2021 \u2013 16338.75<\/li>\n\n\n\n
- The all-time high in November 2021 at 16767.5<\/li>\n<\/ul>\n<\/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\/07\/NASDAQ-Daily-3-consecutive-strong-bear-bars-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- Friday is a bear trend bar with small tails above and below.<\/li>\n\n\n\n
- Wednesday is a bear reversal sell signal bar.<\/li>\n\n\n\n
- Thursday is a big breakout bear bar that fell far below Thursday, and Friday is a good follow-through bar to Thursday.<\/li>\n\n\n\n
- This is the first time since December 2022 when there have been 3 good consecutive bear bars, so likely there will be second leg down.<\/li>\n\n\n\n
- Monday and Tuesday were bull bars that extended the move up of the prior week.<\/li>\n\n\n\n
- Friday of last week was not a strong sell signal bar for bears to sell yet.<\/li>\n\n\n\n
- Monday did not even trigger the sell signal bar and just went higher.<\/li>\n\n\n\n
- The market is likely testing the daily EMA and the breakout point above the June high with this move down.<\/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
- The week is a bear reversal sell signal bar near the high of the previous week.<\/li>\n\n\n\n
- Bears needed a good reversal bar. They got one. Now they need next week to close below the reversal bar.<\/li>\n\n\n\n
- If bears can do that, their next target would be to close the body gap with March 2022 close at 14831.<\/li>\n\n\n\n
- Bulls want the opposite \u2013 They want to trigger the sell signal bar but close above the low like they have been doing for many weeks.<\/li>\n\n\n\n
- Even if the bears get a close below this week, there will likely be buyers around the low of prior week and the body gap of March 2022.<\/li>\n\n\n\n
- The next target for the bulls is \u2013\n
- \n
- The high close of 2021 \u2013 16338.75<\/li>\n\n\n\n
- The all-time high in November 2021 at 16767.5<\/li>\n<\/ul>\n<\/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 is a bear trend bar with small tails above and below.<\/li>\n\n\n\n
- Wednesday is a bear reversal sell signal bar.<\/li>\n\n\n\n
- Thursday is a big breakout bear bar that fell far below Thursday, and Friday is a good follow-through bar to Thursday.<\/li>\n\n\n\n
- This is the first time since December 2022 when there have been 3 good consecutive bear bars, so likely there will be second leg down.<\/li>\n\n\n\n
- Monday and Tuesday were bull bars that extended the move up of the prior week.<\/li>\n\n\n\n
- Friday of last week was not a strong sell signal bar for bears to sell yet.<\/li>\n\n\n\n
- Monday did not even trigger the sell signal bar and just went higher.<\/li>\n\n\n\n
- The market is likely testing the daily EMA and the breakout point above the June high with this move down.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n