Indices Performance Chart - 26 Mar 16

Most markets closed lower on a short trading week.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT

• DOW (decreased for 1st week)
• S&P (1) (increased for 1st week)
• Nasdaq (1) (increased for 3rd week)
• Russell (1) (decreased for 3rd week)

Neutral

• None

DT

• None

Note
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Down Trend and Up Trend is based on 50 Simple Moving Average  

US markets closed with a -roc this week (except for Nasdaq) on weekly chart while daily chart show the last trading day closed with +roc pin bar even before GDP data is released. Overall the trend had changed to UT.  With better than expected GDP data, expecting Mon opening to trade higher but will watch for price action (above or below OP).  There will be US important data releasing on Wed and Fri that may set the tone for the markets.

Dow
Daily UT, Weekly DT
Potential resistance around 17,600, 17,829, TLU4, 18,189, 18,637, TLU9, TLU5
Potential support around TLD2, TLD1, 17,271, 17,083, 16,745, 16,503, 16,246

S&P
Daily UT, Weekly DT
Potential resistance around 2,045, 2,061, 2,102, TLU4, 2,116, 2,129, TLU5
Potential support around 2,028, 1,996, 1,973, 1,930

Nasdaq
Daily UT, Weekly Neutral
Potential resistance around 4,537, TLU1, 4,640, 4,682, TLU6, 4,772
Potential support around TLD2, 4,347, 4,271, 4,193, TLU2, 4,089, 3,956

Russell
Daily UT, Weekly DT
Potential resistance around 1,082, 1,114, 1,137, TLU2, 1,164, 1,185, 1,213
Potential support around TLD3, 1,049, TLD1, 1,009, TLD2, TLU4, 951