The week is a small bear inside bar. Bulls had a chance to breakout or produce a non-climactic bull bar but failed instead.<\/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-1-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The March month bar is a doji bull bar with tails.<\/li>\n\n\n\n
- Bulls needed a good follow-through bar to the good bull bar of last month.<\/li>\n\n\n\n
- Bulls did the minimum \u2013 a bull close above last month\u2019s high, but with tails.<\/li>\n\n\n\n
- This is another month in the bull micro-channel that started in November \u2013 where the low of the bar is above the low of the prior bar.<\/li>\n\n\n\n
- This means first reversal is minor and likely buyers below.<\/li>\n\n\n\n
- Wrt the December 2021 close, there are now two bull closes above it. Is that enough to consider a successful bull body gap with December 2021 close?<\/li>\n\n\n\n
- This month\u2019s bar being a doji bar still makes it possible that bears can close the gap, but they need to avoid a bull trend bar in April.<\/li>\n\n\n\n
- Bulls need the opposite \u2013 They need a bull trend bar in April to make it more likely that the bull gap with December 2021 remains open.<\/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-1-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a small bear inside bar.<\/li>\n\n\n\n
- This was a short trading week with Friday being a trading holiday.<\/li>\n\n\n\n
- Bulls needed a strong follow-through to the bull bar of last week. They did not get it.<\/li>\n\n\n\n
- This is a second entry short after the bear bar from 3 weeks back.<\/li>\n\n\n\n
- The market also hasn\u2019t closed above the high close from 4 weeks ago (now shown with a red resistance line)<\/li>\n\n\n\n
- Bears want to prevent a higher close than 4 weeks ago.<\/li>\n\n\n\n
- Bears want to continue the sideways move of the past month in the hopes that bulls give up.<\/li>\n\n\n\n
- Next week should trigger the sell signal bar of this week.<\/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 March month bar is a doji bull bar with tails.<\/li>\n\n\n\n
- Bulls needed a good follow-through bar to the good bull bar of last month.<\/li>\n\n\n\n
- Bulls did the minimum \u2013 a bull close above last month\u2019s high, but with tails.<\/li>\n\n\n\n
- This is another month in the bull micro-channel that started in November \u2013 where the low of the bar is above the low of the prior bar.<\/li>\n\n\n\n
- This means first reversal is minor and likely buyers below.<\/li>\n\n\n\n
- Wrt the December 2021 close, there are now two bull closes above it. Is that enough to consider a successful bull body gap with December 2021 close?<\/li>\n\n\n\n
- This month\u2019s bar being a doji bar still makes it possible that bears can close the gap, but they need to avoid a bull trend bar in April.<\/li>\n\n\n\n
- Bulls need the opposite \u2013 They need a bull trend bar in April to make it more likely that the bull gap with December 2021 remains open.<\/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 small bear inside bar.<\/li>\n\n\n\n
- This was a short trading week with Friday being a trading holiday.<\/li>\n\n\n\n
- Bulls needed a strong follow-through to the bull bar of last week. They did not get it.<\/li>\n\n\n\n
- This is a second entry short after the bear bar from 3 weeks back.<\/li>\n\n\n\n
- The market also hasn\u2019t closed above the high close from 4 weeks ago (now shown with a red resistance line)<\/li>\n\n\n\n
- Bears want to prevent a higher close than 4 weeks ago.<\/li>\n\n\n\n
- Bears want to continue the sideways move of the past month in the hopes that bulls give up.<\/li>\n\n\n\n
- Next week should trigger the sell signal bar of this week.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n