Sunday, September 27, 2015

Indices Performance Chart - 26 Sep 15

Most markets closed up to 4% lower.
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
UT

  • None
Neutral
  • None
DT
  • Dow (1) (decreased for 1st week)
  • S&P (1) (decreased for 1st week)
  • Nasdaq (decreased for 2nd week)
  • Russell (1) (decreased for 3rd week)
Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT


US markets moving in consolidation range and broke pwl.
Please ignore Nasdaq chart with a spike up, I believe there is an error with them system.

Next week US and Europe will have plenty of economy data, expect volatile movement while Hong Kong and China will be having holiday, therefore Asia trading time may not move much 


Dow
DT
Potential resistance around 16,503,17,083, 17,271 and 17,500
Potential support around 16,246, 15,851, 15,376 and 14,812

S&P
Daily DT, Weekly Neutral
Potential resistance around 1,930, 1,973, 1,996 and 2,028
Potential support around 1,886, 1,820 and 1,737
Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,271, 4,347, 4,537 and 4,640
Potential support around 4,193, 4,089, 3,956 and 3,755

Russell
Daily DT, Weekly Neutral
Potential resistance around 1,137, 1,164, 1,185 and 1,213
Potential support around  1,114, 1,082 and 1,049

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