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.

YM

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.


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

No comments:

Post a Comment