DJIA and Nasdaq 100

Good morning traders! I was feeling sick last night and sorry for the late update.
Its a new day and lets hunt for some good trading opportunities.

DJIA

DJIA is boosted up last Friday by strong recovery in US retail sales, it closed the week at 11649.

Technically DJIA is trading back to previous strong resistance level (pincer top) 11720 and EMA200 - which is only 70 points away.
Traders and Investors are suspicious of the continuity of the up-trend.

Forecast market to trade in range for the week 11580 - 11800. Suggest to stay out.
If there's open position, observe market reaction near resistance.

Just in case market releases good news and DJIA break above 11800, next target could reach 11950.


NASDAQ 100

NASDAQ 100 closed the week at 2371.94 still have rooms to "grow".
More optimism on this market and forecast the super bull to go all the way until next resistance at 2395-2400.

To trade for reversal profit, observe 30 minutes chart (like I do) for top down reversal confirmation.
Reckon market to form a double top in line with a stochastic divergence near the resistance level 2395 - 2400.

Related:
http://data.cnbc.com/quotes/.DJIA
http://data.cnbc.com/quotes/.NDX