Indices Performance Chart - 31 Oct 15

Most markets closed lower while US markets edge higher

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

• Dow (1) (increased for 2nd week)
• Nasdaq (decreased for 3rd week)

Neutral

• S&P (1) (decreased for 3rd week)
• Russell (decreased for 3rd week)

DT

• None

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 had been running higher continuously for 5 weeks, looking at weekly chart, it closed with smaller ROC when compare to last few weeks, will there be a pull back this week?  I will hedge my long position.

Dow
Daily UT, Weekly Neutral
Potential resistance around 17,829, 18,189, 18,367
Potential support around 17,600, 17,400, 17,271, 17,083

S&P
Daily Neutral, Weekly UT
Potential resistance around 2,102, 2,116, 2,129, 2,137
Potential support around 2,061, 2,045, 2,028, 1,996

Nasdaq
Daily UT, Weekly UT
Potential resistance around 4,682
Potential support around 4,640, 4,537, 4,500, 4,347, 4,271

Russell
Daily Neutral, Weekly Neutral
Potential resistance around 1,164, 1,185, 1,213, 1,240, 1,274
Potential support around 1,137, 1,114, 1,082, 1,049