On the daily chart, the market is grinding up in a channel above the daily exponential moving average (EMA).<\/p>\n\n\n\n
The monthly bar has triggered the buy signal bar of last month, and close to the high of the December sell signal bar.<\/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\/2025\/02\/NASDAQ-Weekly-best-bull-bar-since-12-2-24-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a bull trend bar with almost no tails and closing above last week high.<\/li>\n\n\n\n
- It is the best bull bar since the first week of December and the highest close of the year.<\/li>\n\n\n\n
- Bulls now need a good follow-through bar.<\/li>\n\n\n\n
- Given we have been in a trading range, and when bulls need one more bar, what is more likely? A bear bar or a doji bar.<\/li>\n\n\n\n
- It is possible that next week goes above the December high and then closes below, creating a tail on top.<\/li>\n\n\n\n
- If next week is a good bull bar, then there will likely be another leg up.<\/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\/2025\/02\/NASDAQ-Daily-bull-leg-in-trading-range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market continues in what looks like a bull leg in trading range.<\/li>\n\n\n\n
- Monday was a big bull reversal bar, and had a doji bear follow-through on Tuesday. <\/li>\n\n\n\n
- Wednesday was another doji buy signal bar, with Thursday being a big entry bar and Friday a good follow-through bar.<\/li>\n\n\n\n
- The market has closed above the first resistance shown. Is Tuesday more likely to be a good bull bar? It is less likely. There are likely more sellers at this price betting that the trading range will continue. <\/li>\n\n\n\n
- If Tuesday is a good bull trend bar, then likely Friday close will act as temporary support for next leg up.<\/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 bull trend bar with almost no tails and closing above last week high.<\/li>\n\n\n\n
- It is the best bull bar since the first week of December and the highest close of the year.<\/li>\n\n\n\n
- Bulls now need a good follow-through bar.<\/li>\n\n\n\n
- Given we have been in a trading range, and when bulls need one more bar, what is more likely? A bear bar or a doji bar.<\/li>\n\n\n\n
- It is possible that next week goes above the December high and then closes below, creating a tail on top.<\/li>\n\n\n\n
- If next week is a good bull bar, then there will likely be another leg up.<\/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
- The market continues in what looks like a bull leg in trading range.<\/li>\n\n\n\n
- Monday was a big bull reversal bar, and had a doji bear follow-through on Tuesday. <\/li>\n\n\n\n
- Wednesday was another doji buy signal bar, with Thursday being a big entry bar and Friday a good follow-through bar.<\/li>\n\n\n\n
- The market has closed above the first resistance shown. Is Tuesday more likely to be a good bull bar? It is less likely. There are likely more sellers at this price betting that the trading range will continue. <\/li>\n\n\n\n
- If Tuesday is a good bull trend bar, then likely Friday close will act as temporary support for next leg up.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n