US Markets 19 May 18

US markets closed lower while Russell created historic high.

Harpex contiues to go higher.
Dollar Index broke and closed above the resistance level.

US Markets 12 May 18, Thu 0200 Hrs (SGT) FOMC meeting minutes.

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

• DOW
• Nasdaq (1)

Neutral 

• None

DT 

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT 

• None

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

Dow

Daily Neutral, Weekly UT
Potential resistance around 24,847, TLU11, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 24,175, TLD1, 23,567, 23,435, 23,175, 22,776, TLU6, 22,121

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,710, 2,593, TLD1, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around  6,983, TLU7, 7,134, 7,706

Potential support around 6,857, TLU6, 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily UT, Weekly UT
Potential resistance around TLU3, 1,649

Potential support around 1,609, 1,585, 1,543, 1,519, 1,508, 1,494, TLD1, 1,451

Key event to watch out  (SG Time)

21 May, Mon

• Canada, Switzerland and Germany holiday.
• No important event

22 May, Tue

• Hong Kong holiday
• No important event

23 May, Wed

• 1400 German GDP (QoQ) (Q1) 
• 1530 German Manufacturing PMI (May)
• 1630 UK CPI (YoY) (Apr)
• 2200 US New Home Sales (Apr)
• 2230 US Crude Oil Inventories

24 May, Thu

• 0200 US FOMC Meeting Minutes
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting
• 2200 US Existing Home Sales (Apr)

25 May, Fri

• 1600 German Ifo Business Climate Index (May)
• 1630 UK GDP (YoY) (Q1)
• 2030 US Core Durable Goods Orders (MoM) (Apr) 
• 2100 US Fed Chair Powell Speaks