The week is a bull trend bar with a bigger tail below and a smaller tail above.<\/p>\n\n\n\n
NASDAQ 100 Emini futures<\/h2>\n\n\n\nThe Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/NASDAQ-Monthly-new-all-time-high-close-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The February month bar is a non-climactic bull trend bar closing near its high.<\/li>\n\n\n\n
- Last month\u2019s report<\/a> had mentioned that bulls need a series of non-climactic bars closing above the December 2021 close, and this month is the first such bar.<\/li>\n\n\n\n
- Next, bulls need another good monthly bar in March.<\/li>\n\n\n\n
- Bears needed to prevent such a good bull bar after the doji bar last week.<\/li>\n\n\n\n
- After the doji bar last month, this is likely the start of a channel.<\/li>\n\n\n\n
- This month is another bar in the bull micro-channel since the move up that started in November 2023.<\/li>\n\n\n\n
- This means that there are likely buyers below the bull bars. Hence, bulls may buy the close of February, knowing there are buyers below.<\/li>\n\n\n\n
- Bears want to make this a trading range and likely sold the high of January and the February close for a scalp.<\/li>\n\n\n\n
- The December 2021 close will be a magnet over the next several months. Bears want to close the body gap while bulls will want to keep the body gap open.<\/li>\n\n\n\n
- If bulls can create good bull bars for the next couple of months, then bears will buy if the market retests the December 2021 close.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n![\"Nasdaq](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/NASDAQ-Weekly-November-2021-Bull-Body-Gap-Open-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull trend bar with a bigger tail below and a smaller tail above.<\/li>\n\n\n\n
- For the last month or so, the market has been trying to decide how to handle the November 2021 close.<\/li>\n\n\n\n
- Bears tried a couple of times – near the end of January and couple of weeks ago to reverse, but bulls bought both times.<\/li>\n\n\n\n
- Bulls are buying below prior bars like they were doing in the first half of 2023.<\/li>\n\n\n\n
- Bears are not able to create good sell signal bars or consecutive bear bars.<\/li>\n\n\n\n
- Bulls want to maintain the body gap with the November 2021 close. It looks like for the time-being, they will be successful.<\/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<\/div>\n\n\n\n
- \n
- The February month bar is a non-climactic bull trend bar closing near its high.<\/li>\n\n\n\n
- Last month\u2019s report<\/a> had mentioned that bulls need a series of non-climactic bars closing above the December 2021 close, and this month is the first such bar.<\/li>\n\n\n\n
- Next, bulls need another good monthly bar in March.<\/li>\n\n\n\n
- Bears needed to prevent such a good bull bar after the doji bar last week.<\/li>\n\n\n\n
- After the doji bar last month, this is likely the start of a channel.<\/li>\n\n\n\n
- This month is another bar in the bull micro-channel since the move up that started in November 2023.<\/li>\n\n\n\n
- This means that there are likely buyers below the bull bars. Hence, bulls may buy the close of February, knowing there are buyers below.<\/li>\n\n\n\n
- Bears want to make this a trading range and likely sold the high of January and the February close for a scalp.<\/li>\n\n\n\n
- The December 2021 close will be a magnet over the next several months. Bears want to close the body gap while bulls will want to keep the body gap open.<\/li>\n\n\n\n
- If bulls can create good bull bars for the next couple of months, then bears will buy if the market retests the December 2021 close.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The week is a bull trend bar with a bigger tail below and a smaller tail above.<\/li>\n\n\n\n
- For the last month or so, the market has been trying to decide how to handle the November 2021 close.<\/li>\n\n\n\n
- Bears tried a couple of times – near the end of January and couple of weeks ago to reverse, but bulls bought both times.<\/li>\n\n\n\n
- Bulls are buying below prior bars like they were doing in the first half of 2023.<\/li>\n\n\n\n
- Bears are not able to create good sell signal bars or consecutive bear bars.<\/li>\n\n\n\n
- Bulls want to maintain the body gap with the November 2021 close. It looks like for the time-being, they will be successful.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n