DJIA posted a 2nd week gain of +181 points (+1.47%), closed at 12273, highest 12285.
12300 is within reach (another 27 points), target for this week aim at 12387-12400.
Intraday trader can long DJIA at 12238-258 SL 12210 TG 12330 / End of Day.
If DJIA posted a bearish candle on Monday, abandon long as we reckon market to do a healthy correction for this uptrend to continue, observe for opportunity to long when market comes to support 12020. My trading plan will then revise to: Long at 12020, SL 11980, TG1 12300, TG2 12400 (2 weeks).
In case DJIA break below 12020, expect DJIA to continue to dive to 11800.
Nasdaq 100
Nasdaq 100 has successfully break above previous double top 2336 and posted weekly gain of +39 points (+1.64%), close at 2379, highest 2381. In view of the current uptrend, 2400 is within reach, next, we expect the uptrend to continue lifting market towards 2440 target by end of this month.
Current support 2370, Support 2353, Strong support at previous top 2336.
Intraday Long at 2375, SL 2369, TG 2390.
If market open Gap down again, favour to pick long at Support 2353-55, SL 6 pts away and patiently ride the trend until 2400 target. In case Nasdaq 100 trade below strong support 2336, stay out.
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