My last week post on "US Indices may break LHF", Russell and Nasdaq broke LHF on Mon (8 Sep) and Russell stop loss was triggered on Wed (10 Sep). Dow did not manage to break and continue to form LHF. S&P and Russell broke LHF on Thu (11 Sep) and due to overall weak market sentiment I did not enter the trade. After consolidating for about 2 weeks, bigger movement may be coming soon. Based on COT, expecting more positive markets sentiment.
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
- Dow (1St week)
- S&P (3rd week)
- Nasdaq (slight decrease for 2 weeks)
- Russell (> 3 weeks)
Client Sentiment Dashboard (Provided by CMC Platform)