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.
