Market Overview: NASDAQ 100 Emini Futures
The NASDAQ Emini futures week is a bull bar with a tail below. It represents the third leg up from 8-5.
On the daily chart, the market continues its bull channel phase above the exponential moving average (EMA).
NASDAQ 100 Emini futures
The Weekly NASDAQ chart
- The week is a bull bar with a tail below.
- It is an entry bar to the signal bar of last week. It is the start of the third leg up since week of 8-5.
- As mentioned last week, the market is likely to go higher towards the July high to see where sellers come in.
The Daily NASDAQ chart
- This week had trend bars on the first 3 days of the week but ended the week with 2 doji days.
- Monday was a bear trend bar at the daily EMA. Tuesday was an outside up bull bar reversing the prior day bear bar, starting the next leg up. Wednesday was a good follow-through bull bar. Thursday and Friday were small doji bars near the Wednesday high with Friday being almost an inside bar.
- The market is in a channel just above the daily EMA.
Market analysis reports archive
You can access all weekend reports on the Market Analysis page.
The NASDAQ 100 Emini futures market continues its bullish momentum, with the weekly chart displaying the third leg up from the low of 8-5. Despite a tail below on the current weekly bar, it signifies strong buying pressure. The bullish continuation points toward a potential move higher, approaching the July highs where sellers may re-enter the market.
In the daily chart, the bull channel remains intact above the daily EMA, further strengthening the bullish sentiment. The week started with three strong trend days, highlighting the market’s resilience. Monday saw a bearish trend bar testing the daily EMA, but Tuesday reversed this with a strong outside-up bull bar. This reversal set the stage for the next leg up, followed by a robust Wednesday. However, the momentum slightly stalled by the end of the week, with Thursday and Friday showing indecision through small doji bars near Wednesday’s high. Despite this, the market remains above key EMAs, maintaining its bullish trajectory.
For traders, the NASDAQ 100’s upward movement reinforces the importance of riding the trend and managing positions carefully. Watching the price action around the July highs will be critical, as it may present selling opportunities or pullbacks. The doji bars suggest that the market might take a pause or consolidate before another move. Staying vigilant on intraday signals, especially near key levels and moving averages, can provide valuable entry and exit points.
The market structure shows a healthy bullish trend, with possible resistance near the July highs. Traders should stay focused on the EMA levels, price action signals, and prepare for potential pullbacks as the market nears resistance zones.