DJIA and Nasdaq 100

US market is closed on 20th Feb 2012 - observance of US Presidents day.
On the economic data front, US Retail sales rise in January, unemployment claims unexpectedly dropped to 348k (lowest in four years).

DJIA

Technical Forecast
DJIA break above major resistance 12880 and trading towards 13000, last done 12949.90 pts.

Weekly chart:
bullish, weekly candle suggests market to leap higher towards 13060 pts., breaking above this level will lead to TG2 13150 pts.
Daily chart: bullish
Intraday chart: market resisted at 12960 pts., it has a tendency to fall back to BKO 12900 or major support 12800 before going higher. Check divergence in 30Mins.

Since Monday is a bank holiday, we reckon market to trade sideways between 12900 - 13000, initiate market order near support 12900 or resistance 13000 is preferable than to trade in between.

YM

Similar to Dow, market currently trading at resistance 12930, reckon the rally to continue towards 13100 after market has tested support 12830 pts.

Current support lies at 12830-860, initiate Long if support market bounces off 12830-860. However, breaking below 12830 would bring YM down to 2nd support 12700 pts.

NASDAQ 100

Market resisted at 2600 pts. and currently trading near 2585 pts., market is bullish, might test 2600 resistance again and if market break above this resistance then next target is 2660 pts.
Support 2573-2577 pts. Enter long if market is trading at this level during mid-week.

NQ

Weekly and daily chart indicate that market is bullish, support 2560, suggest to enter Short 2590-2595 while we wait for short term correction back to 2560.