{"id":209743,"date":"2024-06-01T07:00:00","date_gmt":"2024-06-01T14:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=209743"},"modified":"2024-06-01T10:47:53","modified_gmt":"2024-06-01T17:47:53","slug":"nasdaq-100-new-high-close-just-below-april-month-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nasdaq-100-new-high-close-just-below-april-month-high\/","title":{"rendered":"Nasdaq 100 New High Close Just below April Month High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Nasdaq 100 Futures<\/h2>\n\n\n\n<p>The <a href=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" data-type=\"link\" data-id=\"https:\/\/www.investing.com\/indices\/nq-100-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>NASDAQ Emini<\/strong>&nbsp;futures<\/a> May monthly candlestick is a big bull bar with a prominent tail above. It is a new high close just below April month high.<\/p>\n\n\n\n<p>The week is a bear bar with a long tail below. The <a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-cc-bull-close-above-march-high-close\/\" data-type=\"link\" data-id=\"https:\/\/www.brookstradingcourse.com\/analysis\/nasdaq-100-cc-bull-close-above-march-high-close\/\" target=\"_blank\" rel=\"noreferrer noopener\">last two weeks\u2019 reports<\/a> had made the case that at least one of the last two weeks of the month would likely be a doji\/bear bar because the monthly bar had already become big. Last week was a bull bar, so this week met that expectation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nasdaq 100 Futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> NASDAQ chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High-680x383.jpg\" alt=\"Nasdaq Monthly New high close just below April month high\n\" class=\"wp-image-209777\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Monthly-New-High-Close-Just-below-April-Month-High.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The May month bar is a big bull bar with a prominent tail above.<\/li>\n\n\n\n<li>Its body overlaps with the body of April.<\/li>\n\n\n\n<li>Last month\u2019s report had said that the micro-channel up from November 2023 is likely a spike on a higher timeframe, so there should be at least a 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li>May is likely the start of the 2<sup>nd<\/sup> leg up.<\/li>\n\n\n\n<li>Note the second leg up could just be another bar \u2013 the month of June, before there is another pullback.<\/li>\n<\/ul>\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\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1-680x383.jpg\" alt=\"Nasdaq Weekly close below March high close\" class=\"wp-image-209786\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1.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 bear bar with a long tail below and a close just below the March high close.<\/li>\n\n\n\n<li>This week was a short trading week as Monday was a trading holiday.<\/li>\n\n\n\n<li>It is the first pullback in the bull micro-channel with the move up since the second half of April.<\/li>\n\n\n\n<li>What is interesting is that the market sold off for most of the week, and at one point around half-way through Friday session, the weekly chart was a big bear bar.<\/li>\n\n\n\n<li>It then reversed from around the high of the big bear bar of 4\/15 (shown with green shaded area on chart)<\/li>\n\n\n\n<li>It is likely there were limit order sellers who sold the high of 4\/15 and were trapped when the week of 5\/13 and 5\/20 were bull bars.<\/li>\n\n\n\n<li>Bulls needed this week to be another non-climactic good bull bar to convince traders the market is breaking out of trading range from March.<\/li>\n\n\n\n<li>But the monthly bar being too big made that less likely.<\/li>\n\n\n\n<li>Since this is the first pullback in a micro-channel, the market should make it back to at least the close of last week.<\/li>\n<\/ul>\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 Futures The NASDAQ Emini&nbsp;futures May monthly candlestick is a big bull bar with a prominent tail above. It is a new high close just below April month high. The week is a bear bar with a long tail below. The last two weeks\u2019 reports had made the case that at least [&hellip;]<\/p>\n","protected":false},"author":3331,"featured_media":209786,"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-209743","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\/2024\/06\/NASDAQ-Weekly-close-below-march-high-close-1.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\/209743","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=209743"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/209743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/209786"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=209743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=209743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=209743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}