Monday, September 9, 2013

DJIA and Nasdaq 100

for the week starting 9-Sep-2013

DJIA

Weekly candle suggest further upside to test resistance.
Current resistance R1: 15,050 pts, market is trading at 15,015 pts now.
After breaking above 15,050 pts, DJIA shall head higher to R2: 15,200 pts.

Current support 14,930 pts, a good level to hunt long.
ATR : 120 pts



Nasdaq 100
Bullish Nasdaq 100.
Looking forward to AAPL announcement tomorrow.
New iPhone shall be announced, and generally we are also expecting something *new in other i-products.

Once again, Nasdaq 100 break new high.
Support is far away at 3,120 pts.

Next target for Nasdaq 100 @ 3,213 pts.

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