Dow rebounded strongly after touching low at 10400 regions, it reaches our weekly bear target in just 2 days!
The strong rebound has bring DJIA back to 11200 as per Sarah forecast, which is also a desired level to short,
In line with a bearish reversal candlestick pattern on daily chart.
We forecast DJIA to trade down back to support 11000 region during early of the week,
While weekly candlestick pattern proved a high resilient at 10400 support,
I suspect Dow to mark another top at 11350 region towards end of the week.
Traders can short at initial shadow during early of the week,
but observe for long opportunity when Dow approaches 11000 support regions.
YM
Closes at 11046.
Short at initial shadow 60 points away from opening (est. 11120).
Observe for Long opportunity when YM approaches 10900 support regions.
NASDAQ 100
Target for the week (Up) 2290 resistance.
Forecast market to face resistance at current level and going down to test support 2170.
Good to short on Monday at initial shadow 2216, SL 2228 (Fri High), TG 2170 or close EOD (End of Day).
Aim for long opportunity during mid-week when Nasdaq 100 trading at 2170 or 2135 as spoken.
Related:
Last Week's Forecast
http://ayumi216.blogspot.com/2011/10/djia-and-nasdaq-100.html
APSRI DJIA Forum
http://www.pwforex.com/forum/viewforum.php?f=8
APSRI Forum here: http://www.pwforex.com/forum/For details on ProMaster program that I have attended, click here: http://www.traderpromaster.com/index.html
Back to Ayumi Trader Blog, click here: http://ayumi216.blogspot.com/
No comments:
Post a Comment