Indices Performance Chart - 21 May 16

Asia and Europe closed higher while US closed lower.

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

• S&P (increased for 1st week)
• Nasdaq (1) (no change)
• Russell (increased for 1st 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 lower with +roc on weekly chart (except for DOW).  A new diff is formed on daily chart.  Monitoring for break lhf in weekly chart if economy data are above forecast, may see some upside.  This week will have economy data, GDP and Manfacturing from various Europe and US.

Dow

Daily UT, Weekly DT

Potential resistance around TLD3, 17,600, TLD4, 17,829, TLD5, 18,189

Potential support around  17,271, 17,083, TLD2, TLD1, 16,745

S&P

Daily UT, Weekly DT

Potential resistance around 2,061, TLD5, 2,081, TLD3, 2,102, 2,116

Potential support around 2,045, 2,028, 1,996, 1,973, 1,930

Nasdaq

Daily UT, Weekly DT

Potential resistance around TLD3, 4,537, 4,640, TLU1, 4,682, 4,772

Potential support around 4,347, TLD5, TLU2, 4,271, 4,193, TLD2, TLD4, 4,089

Russell

Daily UT, Weekly DT

Potential resistance around 1,114, TLD4, 1,137, TLU2, 1,164

Potential support around  TLD6, 1,082, TLD5, 1,049, 1009