DJIA and Nasdaq 100

DJIA

Last week, we forecast that: if DJIA were to post a reversal, it has to at least trade above 121800 and close near 12200.
Over the last week, DJIA traded to highest 12221.33 but highest it close is on Wednesday 12194, it almost post a clear reversal candlestick pattern on weekly chart, but, no, DJIA widen the trading range, formed a higher high, and a lower low, finally DJIA closes at 11877, near current support level of 11800.

This week, on the economic data front, we have:
Tue Jun 28 10:00pm US CB Consumer Confidence
Wed Jun 29 10:00pm US Pending Home Sales m/m
Thu Jun 30 8:30pm US Unemployment Claims
Fri Jul 1 10:00pm US ISM Manufacturing PMI

The market fundamentals especially consumer confidence and pending home sales will be the main focus, if the economic data posted a lower-than-market forecast, it will hammer the index toward 11720, or even next support (March low) 11550.

From the technical chart, there are two possibilities for DJIA:
1) fulfilled 1/3 retracement last week, and this week, DJIA will continue to trade lower to hit 3L 11718.
2) if economic data is good, DJIA shall rebound 50%, and consolidate between 12000 - 12300.
    a) upon BKO* above 12300, breakup May high 12575
    b) upon BKO* below 11720, breakdown March low 11555

*BKO = Breakout

Nasdaq 100

Nasdaq 100 close at 2218, slightly below its 200days moving average 2229.
Resistance 2250, Support 2190.

In case 200 days MA hold, and Nasdaq 100 reverse to 2250 resistance level,
In order to neutralize this bearish sentiment, market has to post another weekly gain towards 2300,
However, 2250 is a crucial resistance and we forecast, and further downside is possible to at least 2160.