Market Overview: NASDAQ 100 Emini Futures This week’s candlestick is a Nasdaq strong weekly bull bar closing on its high above last week’s high. This is the first bull bar after seven bear bars. As mentioned in last week’s report, the month is trying to create a bull body. Minimally bulls want to close the month above […]
Nasdaq 50 percent retracement from pandemic low to all time high
Market Overview: NASDAQ 100 Emini Futures This week’s Nasdaq Emini candlestick is an outside bear bar with a close above last week’s low. This is the seventh consecutive week with a bear bar. The market is at a Nasdaq 50 percent retracement from the low of the pandemic to the all-time high. Buyers on higher time frame […]
NASDAQ weekly bear reversal after reaching targets
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures reversed this week with a small bear body and a big tail at the bottom. NASDAQ weekly bear reversal with market reaching all targets mentioned last week on the weekly chart. It is reversing after reaching the Leg1 Leg2 target of 11720. A reversal here […]
NASDAQ 5th successive weekly bear close
Market Overview: NASDAQ 100 Emini Futures The Nasdaq Emini futures is in a strong bear leg. This is the 5th consecutive bear bar and successive weekly bear close below the prior March low. At the same time, bulls who bought the low of March made money selling near the monthly exponential moving average (EMA). The week started […]
NASDAQ first monthly bear close below EMA since December 2018
Market Overview: NASDAQ 100 Emini Futures This week’s Nasdaq Emini candlestick is a big bear bar closing near its low below the prior low of the year – the week of 3/14 -and below Exponential Moving Average (EMA). The first monthly bear close below EMA since December 2018 – the first time in more than ten years […]
Nasdaq big outside bear bar closing on low
Market Overview: NASDAQ 100 Emini Futures The NASDAQ Emini futures weekly candlestick is a big outside bear bar closing on its low well below the monthly EMA (good for the bears). This is the first time since May 2021 that there are three consecutive bear bars. The week opened below last week’s low, then went […]
NASDAQ consecutive bear close below weekly EMA
Market Overview: NASDAQ 100 Emini Futures Nasdaq consecutive bear close on its low and below weekly EMA. It is a good follow-through bar to last week’s big bear bar. The week gapped down and had strong selling pressure – 3 of the 4 trading days in the week had good bear bodies. The bulls had a […]
Nasdaq pullback in bull leg of trading range
Market Overview: NASDAQ 100 Emini Futures This week’s Nasdaq Emini candlestick was a bear bar closing on its low, a pullback in bull leg. It triggered last week’s Low 2 sell signal and closed below the weekly EMA. The week started strong, attempting to retest last week’s high, but reversed down again at the swing lower high […]
Nasdaq failed breakout above 20-week EMA
Market Overview: Nasdaq 100 Emini futures This week’s Nasdaq Emini candlestick is a Low 2 sell signal at the weekly EMA, but with a bull body. It essentially is a failed breakout above the 20-week EMA. The week started strong, going above the swing lower high of week of 1/31, but the last three days of the […]
