The daily chart had two legs down and is back below the exponential moving average (EMA).<\/p>\n\n\n\n
This week reversed all of October and found buyers at the close of September\/October open, creating a tail below this week. The question now is – is this just a bounce, or will the market go up to at least the October close, allowing the buy-the-close bulls to exit? The monthly chart is bullish, so likely those buy-the-close bulls who bought the October close should be able to exit breakeven.<\/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\/11\/NASDAQ-Weekly-Big-Bear-Bar-Reversing-Around-September-Month-Close-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The week is a big bar with a bigger tail below.<\/li>\n\n\n\n
- The week has closed the gap between last week and the week before. In fact, this one week has reversed the entire October month.<\/li>\n\n\n\n
- September is a big bull bar, and big bars usually have bad follow-through. October has a strong bull body despite the tails, so in that sense, it is a surprise.<\/li>\n\n\n\n
- This is likely the reason why there will be at least a small second leg up on the monthly chart.<\/li>\n\n\n\n
- The open question is \u2013 how deep will the pullback be on the weekly chart?<\/li>\n\n\n\n
- Bulls don\u2019t want three bear bars because then there will likely be a 2nd<\/sup> leg down.<\/li>\n\n\n\n
- The next support is the weekly EMA.<\/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\/11\/NASDAQ-Daily-Strong-Close-Below-the-Ema-Since-10-10-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- Last week started with a gap up and bull bars with gaps, and ended the week with bear bars going sideways, adding a tail to the top of the week.<\/li>\n\n\n\n
- Last Friday was an inside bear bar. Monday this week is an inside bull bar, creating inside-inside, a breakout mode pattern.<\/li>\n\n\n\n
- Tuesday is a big bear bar, indicating a bear breakout. It closed just above the EMA.<\/li>\n\n\n\n
- Wednesday went below the EMA and reversed as a bull bar at the EMA with a tail on top.<\/li>\n\n\n\n
- Thursday did not even trigger the buy signal bar and just sold off as a strong bear bar, closing below the EMA.<\/li>\n\n\n\n
- This is the first strong close below the EMA since 10-10. Friday ended up as doji bear bar with a long tail below, which means at one point Friday was a big bear bar.<\/li>\n\n\n\n
- Now the question is whether bulls can transition back above the EMA like they did after 10-10.<\/li>\n\n\n\n
- Bears are unable to get a good pair of bear bars.<\/li>\n\n\n\n
- There will likely be sellers around the close of the Wednesday bull buy signal bar. Even though the buy signal bar did not get triggered, some buyers may have front-run and bought the close. Those buyers were trapped when Thursday ended up as a big bear bar.<\/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 bar with a bigger tail below.<\/li>\n\n\n\n
- The week has closed the gap between last week and the week before. In fact, this one week has reversed the entire October month.<\/li>\n\n\n\n
- September is a big bull bar, and big bars usually have bad follow-through. October has a strong bull body despite the tails, so in that sense, it is a surprise.<\/li>\n\n\n\n
- This is likely the reason why there will be at least a small second leg up on the monthly chart.<\/li>\n\n\n\n
- The open question is \u2013 how deep will the pullback be on the weekly chart?<\/li>\n\n\n\n
- Bulls don\u2019t want three bear bars because then there will likely be a 2nd<\/sup> leg down.<\/li>\n\n\n\n
- The next support is the weekly EMA.<\/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
- Last week started with a gap up and bull bars with gaps, and ended the week with bear bars going sideways, adding a tail to the top of the week.<\/li>\n\n\n\n
- Last Friday was an inside bear bar. Monday this week is an inside bull bar, creating inside-inside, a breakout mode pattern.<\/li>\n\n\n\n
- Tuesday is a big bear bar, indicating a bear breakout. It closed just above the EMA.<\/li>\n\n\n\n
- Wednesday went below the EMA and reversed as a bull bar at the EMA with a tail on top.<\/li>\n\n\n\n
- Thursday did not even trigger the buy signal bar and just sold off as a strong bear bar, closing below the EMA.<\/li>\n\n\n\n
- This is the first strong close below the EMA since 10-10. Friday ended up as doji bear bar with a long tail below, which means at one point Friday was a big bear bar.<\/li>\n\n\n\n
- Now the question is whether bulls can transition back above the EMA like they did after 10-10.<\/li>\n\n\n\n
- Bears are unable to get a good pair of bear bars.<\/li>\n\n\n\n
- There will likely be sellers around the close of the Wednesday bull buy signal bar. Even though the buy signal bar did not get triggered, some buyers may have front-run and bought the close. Those buyers were trapped when Thursday ended up as a big bear bar.<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- The next support is the weekly EMA.<\/li>\n<\/ul>\n\n\n\n