DJIA and Nasdaq 100

for the week starting 29-Jul-2013

DJIA

Daily Chart
Hola! DJIA break new high, test strong support 15400.
rebounded back to 15554 pts and closed lower this week.

4 hour chart not looking good, a series of lower high, lower low from mid-end of week.

Hourly / Intraday Chart
Market is so alive last Friday.

Intraday trading at overbought level.
await pullback.

Support / Resistance
As per the chart above, this is support (S) / resistance (R) for 1-2 weeks.
R2: 15850
R1: 15620
S1: 15400
S2: 15250

Bullish
Intraday buy 15500 pts, SL 35 ots, TG 15600 or EOD.
Day range diminishing.

July is still a super bull month.
Day range reduced from 180 pts during early July to current 100 pts.

Nasdaq 100

Bullish, higher high, higher low.

R2: 3140
R1: 3090
S1: 3030
S2: 3000

Nasdaq 100 constitutes above EMA20 (D) EMA50 (4H), bullish.

Based on the way Nasdaq 100 trading lately, I would like to play safe.

Extreme Ends, Fibo Range:
Long at 3049, SL 3041, TG 3060 / EOD.
Short at 3085, SL 3093, TG 3060 / EOD.

Cheers
Ayumi