Sunday, June 21, 2015

Indices Performance Chart - 20 Jun 15

US and most Europe markets continue to close higher this week while Asia closed lower, China A50 was down more than 10%.

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

  • Nasdaq (increased for 2nd week)
  • S&P (decreased for 1st week)
  • Russell (decreased for 3rd week)
  • Dow (decreased for 1st week)
US indices broke pwh but closed below pwh except for Russell that closed above.  This week Russell made historic high.  On Daily chart, US rallied on Thu testing resistance and retreat back to trend line support. DOW created a outside day on a weekly chart,  potential of a new trend.  As long as it don't close below trend line support for 2-3 days, most likely US will continue to move higher.  One of the critical support will be May low.

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