From COT report, US indices continue to show weakness especially S&P buying interest had sharp decreased. Looking forward to Black Fri on 28 Nov and Cyber Mon on 01 Dec.
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
- Dow (decreased for few weeks)
- Nasdaq (decreased for few weeks)
- S&P (decreased for few weeks)
- Russell (decreased for few weeks)
Down Trend and Up Trend is based on 50 Simple Moving Average
S&P and Nasdaq may be heading towards to the upper band resistance while DOW may be heading the inner upper band resistance. Russell trade within range bound.