DJIA has made another gain last week of 314pts (2.45%) close at 12822.54.
The positive sentiment going to continue.
While Dow has crossed 12750 resistance level without any pull back (less than 5 pts in all trading day for the week!) we shall see DJIA cross 12950-13000 benchmark this week!
YM settles at 12756 pts, if you are viewing the same chart like I do, enter long at 12750 pts, SL 50 pts away and target 12950 pts.
Nasdaq 100
Nasdaq 100 in other hand has made gain of 28 pts (1.16%) settles at 2406.33 pts for the week.
Nasdaq 100 gap up each other day, getting an entry is tricky. Based on daily chart, we can expect Nasdaq 100 to make another pull back to its current support of 2400, strong support 2392.
Trading long for Nasdaq 100 is not recommended on Monday nor Tuesday, for the sharp, you can observe a reversal signal on Daily chart and thus, Nasdaq 100 is expected to pull back before it decide where to head to.
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