DJIA
Last Friday NFP announcement and US jobless rate has uplifted the market, in line with the positive economic data, and market has break above 12750 region and trading above 12850.
We reckon market to slow down during the early of the week to support level to take a breather before going towards the next target 12950-13000.
YM
Current support 12730
Strong Support 12630
Resistance 12930 (Target)
S did a very good short call last Thursday, short at 12850 region and still standing with more than 50 pts. floating profit! ^__^ Yes for big picture we are looking forward to a big fall, but current financial reporting gala might drive market north anytime so make sure you know how much money you want to make, and decide where to exit :)
For early of the week, Hunt for long opportunity when market comes back to 12630 strong supports in line with EMA50 in 4 hour chart.
Stochastic is quite low and therefore do not encourage taking short position now, prefer to hunt for long if market is showing strong reversal at support levels 12730 or 12630.
NASDAQ 100
Market condition: strong bull and next target lies at 2592.08 pts., last done 2528.70 pts.
NQ
Market is currently trading at 2518 levels and we reckon a 1/3 retracement back to 2500 (last Thursday high) before hitting target 2546-2550.
Aggressive daily trading: Long at initial shadow 2509 SL 2500, TG 2540 (Day range)
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