DJIA and Nasdaq 100

Helped by a rise in tech shares after an upbeat outlook from Oracle Corp the day before, the index notched its best week in two months. But low volume spurred questions about the equities rally's strength.

DJIA

Current support 12195, current resistance 12300, strong resistance 12400 (previous high).

DJIA has resumed its uptrend after a steep correction to 11560 region, strong support is now at 12000, which is a key level to watch out for trend reversal.

Bullish momentum: DJIA is going to test previous high 12400 but may face a little resistance at 12300, intraday long when the index is trading at 12200-12195, aim at 12300 as first exit.

Urge cautious at 12400, act on reversal or breakout.

Nasdaq 100

Current Support 2310, current resistance 2375, strong resistance 2400 (previous high).

Slightly bullish: Nasdaq 100 is going to test previous high 2400 but have faced resistance at 2330, intraday long when the index is trading at 2310-00, SL 2285, aim at 2330 as first exit, 2nd exit 2360, 3rd exit 2375.