Nasdaq 100 Doji Follow-Through and New All-Time High

Market Overview: NASDAQ 100 E-mini Futures The NASDAQ E-mini futures week is a doji follow-through and new all-time high. The daily chart broke above the wedge of last week but pulled back to finish sideways. The monthly bar is a bull-bar with a prominent tail above. As mentioned in the prior monthly report, it is less likely for this month to be a good follow-through bar, given the leg started with an inside bar. NASDAQ 100 E-mini futures The Weekly NASDAQ chart The week is a doji follow-through and a new all-time high. The market is stalling around the prior all-time high. Bears want to make the market go sideways to down for the next month, so they can attempt a leg down again. The Daily NASDAQ chart Last week ended with what looked like a wedge – series of doji bars with tails on the top. Monday and Tuesday broke above the wedge with a breakout bar, and follow-through. Wednesday and Thursday pulled back though – Thursday being a big bear bar. Friday is a bull inside bar with a prominent tail above. The market will likely have to get to the exponential moving average (EMA) before starting another leg up. Market analysis reports archive You can access all weekend reports on the Market Analysis page.