Monday, June 25, 2012

DJIA and Nasdaq 100

DJIA and Nasdaq 100 for the week starting 25th June 2012

Last week, the Dow and S&P 500 both ended in red, Nasdaq 100 gained; the Dow shed 0.9%, the S&P 500 lost 0.6%, while the Nasdaq 100 ended 0.5% higher.

Current level 12600-12650 is a key to watch if DJIA manage to stay above then it can continue trading higher to 12900 region again, failure which will come down to support 12400 and 12300.


Monday, I suspect market to trade sidways bias up above current support 12500, I prefer to enter Long near initial shadow 12560-42 = 12515-520, SL 40 pts away, TG 150 pts.

2012-06-25 Mon 2:48pm (GMT+8)
30 Mins Chart

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