Sunday, June 14, 2015

Indices Performance Chart - 13 Jun 15

US and most Europe markets recovered this week while China A50 and HK closed lower.  STI pierce thru the channel support and recovered back to the channel .

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

  • Nasdaq (increased for 1st week)
  • S&P (increased for 1st week), highest since 2012
  • Dow (increased for 3rd week), highest in 2015
  • Russell (decreased for 2nd week)
Higher COT does not mean Index must goes up

US indices move broke pwl, tested various support on Tue.  On Wed, rebounded strongly and tested various resistance on Thur.  On Fri, it closed lower, DOW, S&P and Nasdaq look weak, more selling may come.  Looking at weekly chart, DOW and S&P closed with a doji, there will be more upside if can break pwh

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