US Markets 02 Jun 18

On the weekly chart, US markets broke lower, recovered and to close with a + roc.

Harpex continues to close higher.

Dollar Index tested higher but failed to hit 95.0 level.

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

• 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)
04 Jun, Mon

• 0930 Australia Retail Sales (MoM) (Apr)
• 1630 UK Construction PMI (May)

05 Jun, Tue

• 1230 Australia RBA Interest Rate Decision (Jun)  
• 1230 Australia RBA Rate Statement   
• 1630 UK Services PMI (May)
• 2100 Europe ECB President Draghi Speaks
• 2200 US ISM Non-Manufacturing PMI (May) 
• 2200 US JOLTs Job Openings (Apr)

06 Jun, Wed

• 0930 Australia GDP (QoQ) (Q1) 
• 2030 US Trade Balance
• 2200 Canada Ivey PMI (May) 
• 2230 US Crude Oil Inventories

07 Jun, Thu

• 1700 Europe Gross Domestic Product s.a. (YoY)
• 2315 Canada BoC Gov Poloz Speaks

08 Jun, Fri

• 0750 Japan GDP (QoQ) (Q1)
• 1630 UK Manufacturing Production (MoM) (Apr) 
• 2030 Canada Employment Change (May)