Sunday, January 8, 2012

DJIA and Nasdaq 100

DJIA

From the technical chart:
DJIA has break above group resistance level 12300 and sitting above 12330.
Current support 12330, if DJIA traded below 12330 then it shall test the next support 12280 before going up to our next target 12630.  Next strong resistance 12730.

Aggressive Long at 12330 region.

For YM (on Broco chart):
Current support 12270, S2 12220.
Target to reach 12550, TG2 12730, next strong resistance 12880.

Aggressive Long at 12250, SL 12200, TG 12550.

Nasdaq 100

From technical chart, Nasdaq 100 is trending up nicely.  Target 2375.  Next target 2385.
Current support 2350, next support 2342.

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