On the daily chart, the market had uniform sized bull bodies on 3 out of 4 days this week. Uniform sized means proportional to each other, and not disparate sized.<\/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\/2024\/07\/NASDAQ-Weekly-big-bull-body-proportional-to-bull-body-of-6-10-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a big bull trend bar closing near its high.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that there will likely be a 2nd<\/sup> leg given the two good bull bars in the first two weeks of June.<\/li>\n\n\n\n
- This week is a good start to the 2nd<\/sup> leg, although technically last week is a bad buy signal bar, so at some point, the market will likely test last week\u2019s high.<\/li>\n\n\n\n
- Bears need consecutive bear trend bars closing below prior bar lows like they did in March.<\/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\/2024\/07\/NASDAQ-Daily-3-cc-strong-bull-body-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This was a short trading week as Thursday was a trading holiday, and Wednesday was a half-day.<\/li>\n\n\n\n
- Monday was a bull reversal bar after the big bear reversal bar of last Friday. Tuesday was a good entry bar closing near its high.<\/li>\n\n\n\n
- Wednesday and Friday are the best pair of uniform follow-through bull bars since early December 2023.<\/li>\n\n\n\n
- The market has made two bull closes above the measured moved target shown in chart.<\/li>\n\n\n\n
- The market is also in a bull micro-channel this week, and given the three consecutive good bull bars, it is likely there will be another leg up closing above the close of Friday.<\/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 week is a big bull trend bar closing near its high.<\/li>\n\n\n\n
- Last week\u2019s report<\/a> had mentioned that there will likely be a 2nd<\/sup> leg given the two good bull bars in the first two weeks of June.<\/li>\n\n\n\n
- This week is a good start to the 2nd<\/sup> leg, although technically last week is a bad buy signal bar, so at some point, the market will likely test last week\u2019s high.<\/li>\n\n\n\n
- Bears need consecutive bear trend bars closing below prior bar lows like they did in March.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> NASDAQ chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This was a short trading week as Thursday was a trading holiday, and Wednesday was a half-day.<\/li>\n\n\n\n
- Monday was a bull reversal bar after the big bear reversal bar of last Friday. Tuesday was a good entry bar closing near its high.<\/li>\n\n\n\n
- Wednesday and Friday are the best pair of uniform follow-through bull bars since early December 2023.<\/li>\n\n\n\n
- The market has made two bull closes above the measured moved target shown in chart.<\/li>\n\n\n\n
- The market is also in a bull micro-channel this week, and given the three consecutive good bull bars, it is likely there will be another leg up closing above the close of Friday.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- This week is a good start to the 2nd<\/sup> leg, although technically last week is a bad buy signal bar, so at some point, the market will likely test last week\u2019s high.<\/li>\n\n\n\n