MNQ WEEKLY ANALYSIS

Aug 31

**Weekly Timeframe:**
The NAS market has printed a hammer doji off the 9 EMA. In terms of volume, it is only average. For now, the market is able to close above the 9 EMA.

**Daily Timeframe:**
On the daily timeframe, the market closed above the 9 EMA with strong volume. This signals a strong close and indicates that there are buyers around the area. I would like to see the price close around the red area of interest for me to deem that the uptrend is going to continue.