The daily chart found support at the trendline of the channel up.<\/p>\n\n\n\n
Bulls continue to buy bear bars or bad bull bars since April.<\/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\/08\/NASDAQ-Weekly-Big-Bull-Trend-Bar-Reversing-7-28-Bear-Bar-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is the best-looking bull trend bar since week of 6-23. However, it is inside the bear bar of last week.<\/li>\n\n\n\n
- Bears needed a good entry bar to the big outside down bar last week, but the low of that bar did not even trigger.<\/li>\n\n\n\n
- Now, bulls need a good entry bar next week and a good follow-through the following week.<\/li>\n\n\n\n
- Bears will likely sell the high\/close of next week, if next week is a bull bar, expecting the following week not to be another bull bar.<\/li>\n\n\n\n
- The market has had only small pullbacks since April.<\/li>\n\n\n\n
- As mentioned in prior reports, there are bull targets on the monthly chart above.<\/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\/08\/NASDAQ-Daily-Support-at-Trendline-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- A pair of big bear bars ended last week. This is the first close below the daily exponential moving average (EMA) in a long time.<\/li>\n\n\n\n
- Also, the market reached the trendline of the channel shown in the chart.<\/li>\n\n\n\n
- The market found buyers as a result. Monday is a big bull reversal bar.<\/li>\n\n\n\n
- At the same time, the two bear bars of last week are big enough to have a 2nd<\/sup> leg. It looks like Tuesday and the low of Wednesday is the extent of the 2nd<\/sup> leg for now, as Wednesday reversed up as an outside up bar. (It\u2019s never clear till later if this is the real 2nd<\/sup> leg, or a much bigger 2nd<\/sup> leg is yet to come.)<\/li>\n\n\n\n
- Thursday is a bull bar with a tail above, implying a pullback on a lower timeframe. <\/li>\n\n\n\n
- Friday is a bull trend bar, signifying the next leg up after the implicit pullback on Thursday.<\/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 the best-looking bull trend bar since week of 6-23. However, it is inside the bear bar of last week.<\/li>\n\n\n\n
- Bears needed a good entry bar to the big outside down bar last week, but the low of that bar did not even trigger.<\/li>\n\n\n\n
- Now, bulls need a good entry bar next week and a good follow-through the following week.<\/li>\n\n\n\n
- Bears will likely sell the high\/close of next week, if next week is a bull bar, expecting the following week not to be another bull bar.<\/li>\n\n\n\n
- The market has had only small pullbacks since April.<\/li>\n\n\n\n
- As mentioned in prior reports, there are bull targets on the monthly chart above.<\/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
- A pair of big bear bars ended last week. This is the first close below the daily exponential moving average (EMA) in a long time.<\/li>\n\n\n\n
- Also, the market reached the trendline of the channel shown in the chart.<\/li>\n\n\n\n
- The market found buyers as a result. Monday is a big bull reversal bar.<\/li>\n\n\n\n
- At the same time, the two bear bars of last week are big enough to have a 2nd<\/sup> leg. It looks like Tuesday and the low of Wednesday is the extent of the 2nd<\/sup> leg for now, as Wednesday reversed up as an outside up bar. (It\u2019s never clear till later if this is the real 2nd<\/sup> leg, or a much bigger 2nd<\/sup> leg is yet to come.)<\/li>\n\n\n\n
- Thursday is a bull bar with a tail above, implying a pullback on a lower timeframe. <\/li>\n\n\n\n
- Friday is a bull trend bar, signifying the next leg up after the implicit pullback on Thursday.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n