Dow Jones Industrial Average (DJIA)
Weekly candle on DJIA shows a good support at 10979. Resistance at 11255 and 11370.
Next week, we expect DJIA to consolidate within 11000 - 11290.
Breaking above 11290 DJIA will test the top of 11451 again.
Breaking below 10980 DJIA will continue to dive to 10,750.
Same view as Walter! Capture the opportunity to short at 11290-11300 would be my aim for the week.
For Intraday traders can practise fibo range to trade at extreme ends.
Fibo range for Monday: L: 11058 - H: 11242 SL 42 points away.
Nasdaq 100
Resistance 2,200
Similar to Dow, expect Nasdaq 100 to consolidate, trading range expected to be 2,090 - 2,165.
Aim to plant your short around 2,160 - 2165.
Breaking above 2,170 would head to test 2,200 again.
Breaking below 2,090 would head to 2,050 and 1,980.
For Intraday traders can practise fibo range to trade at extreme ends.
Fibo range for Monday: L: 2100 - H: 2150 SL 12 points away.
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