{"id":184763,"date":"2023-07-29T07:00:00","date_gmt":"2023-07-29T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=184763"},"modified":"2023-07-28T15:13:22","modified_gmt":"2023-07-28T22:13:22","slug":"nasdaq-100-another-close-above-prior-bar-low-7-21-23","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-100-another-close-above-prior-bar-low-7-21-23\/","title":{"rendered":"Nasdaq 100 Another Close above Prior Bar Low"},"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> week is a non-climactic bull bar with small tails. Bears needed this week to close below last week\u2019s low, but this is yet another close above prior bar low. The market triggered the sell signal bar of last week and closed as a High 1 (H1) bull reversal bar. <\/p>\n\n\n\n<p>The July monthly bar so far is a bull bar with small tails. Monday is the last day of the month. Bulls want the close near the high of the month, while bears want a close below the mid-point or have as big a tail at the top as possible.<\/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\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low-680x383.jpg\" alt=\"Nasdaq Weekly another close above prior bar low\" class=\"wp-image-184798\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The week is a non-climactic bull bar with small tails.<\/li>\n\n\n\n<li>Last week, the bears had a good reversal bar. They needed this week to close below the reversal bar.<\/li>\n\n\n\n<li>However, the market triggered the reversal bar and closed as a good H1 bull reversal bar.<\/li>\n\n\n\n<li>The low of this week\u2019s bar is testing the breakout point of the high of June.<\/li>\n\n\n\n<li>Bears have been unable to close below the prior bar since early March. Their first target remains to have a close below the prior bar.<\/li>\n\n\n\n<li>The next target for the bulls is \u2013\n<ul class=\"wp-block-list\">\n<li>The high close of 2021 \u2013 16338.75<\/li>\n\n\n\n<li>The all-time high in November 2021 at 16767.5<\/li>\n<\/ul>\n<\/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\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars-680x383.jpg\" alt=\"Nasdaq Daily pullback from 3 consecutive strong bear bars\" class=\"wp-image-184801\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Daily-pullback-from-3-consecutive-strong-bear-bars.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Friday is a bull inside bar with a tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-failed-breakout-above-june-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week\u2019s report<\/a> had mentioned that there would likely be a second leg to the three bear bars of last week.<\/li>\n\n\n\n<li>Monday was a doji bear bar near the low of last week with a tail below.<\/li>\n\n\n\n<li>Tuesday was a good bull bar with a close above Monday.<\/li>\n\n\n\n<li>Wednesday was a bull doji reversal bar from around Monday\u2019s low.<\/li>\n\n\n\n<li>Thursday gapped up and went high enough above the Wednesday bull reversal signal but ended up as a big outside down (OD) day.<\/li>\n\n\n\n<li>Friday gapped up and closed as a bull buy signal bar near the high of Thursday.<\/li>\n\n\n\n<li>Since Friday is a bull bar near the high of the outside down bear bar of Thursday, it is not a good buy signal bar.<\/li>\n\n\n\n<li>There are likely more sellers here than buyers.<\/li>\n\n\n\n<li>The Thursday OD bar came close to the daily exponential moving average (EMA) but did not touch it.<\/li>\n\n\n\n<li>Was the Thursday big bear bar the 2<sup>nd<\/sup> leg down expected from the 1<sup>st<\/sup> leg last week? It\u2019s not clear yet.<\/li>\n\n\n\n<li>As mentioned above, bulls want a good buy signal. If Friday had ended up as a good buy signal bar near the low of Thursday, it would have been better than how Friday ended up \u2013 a buy signal bar near the high of a big bear bar.<\/li>\n\n\n\n<li>Given all the above, it is likely there will be another leg down early next week, and bulls will try for a good reversal signal at the daily EMA.<\/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 week is a non-climactic bull bar with small tails. Bears needed this week to close below last week\u2019s low, but this is yet another close above prior bar low. The market triggered the sell signal bar of last week and closed as a High 1 [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":184798,"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],"class_list":{"0":"post-184763","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":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/07\/NASDAQ-Weekly-another-close-above-prior-bar-low.jpg","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\/184763","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=184763"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/184763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/184798"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=184763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=184763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=184763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}