Sunday, June 7, 2015

Indices Performance Chart - 06 Jun 15

Most markets closed lower again this week while volatile China A50 closed higher more than 4% this week.

Instruments that show buying interest from Dealer/Intermediary (sell-side participants)

  • Nasdaq (decreased for 1st week)
  • S&P (decreased for 1st week)
  • Dow (increased for 2nd week)
  • Russell (decreased for 1st week)

Russell broke lhf in weekly chart and closed 1% higher while the other 3 US indices closed in the negative territory.

US Indices had been testing channel support for last 4 months, if break below the month of May , will see moving lower.  Level 2 or 3 (see last chart) will be the one of the critical support for Dow, S&P and Nasdaq.  Dow and S&P look much weaker when compare to Nasdaq and Russell at  the time of writing.

May Low (based on CMC CFD)

  • Dow around 17,687
  • S&P around 2,062
  • Nasdaq around 4,337
  • Russell around 1,213

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