US Markets 17 Aug 19

On the weekly chart, US markets closed lower with a -roc.
Dow,  S&P and Nasdaq broke lhf but unable to sustain and closed lower.  

BDI broke above 2,000 level.

Dollar Index broke lhf.

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

• Nasdaq

Neutral 

• Russell (1)

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 UT, Weekly UT
Potential resistance around 26,245, 26,627, 26,976, 27,350, 29,106

Potential support around 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around 2,940, 2,983, 3,022, 3,219

Potential support around 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,706, 7,859, 8,002, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

Russell
Daily Neutral, Weekly DT
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708

Potential support around 1,451, 1,420, 1,388, 1,341, 1,296

Key event to watch out  (SG Time, GMT+8)
19 Aug, Mon

• 1700 Europe CPI (YoY) (Jul)

20 Aug, Tue

• 0930 Australia RBA Meeting Minutes  

21 Aug, Wed

• 2030 Canada Core CPI (MoM) (Jul)
• 2200 US Existing Home Sales (Jul) 
• 2230 US Crude Oil Inventories 

22 Aug, Thu

• 0200 US FOMC Meeting Minutes  
• 0800 US Jackson Hole Symposium
• 1530 German Manufacturing PMI (Aug) 
• 1600 Europe Markit PMI Composite 
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting  

23 Aug, Fri

• 0800 US Jackson Hole Symposium
• 2030 Canada Core Retail Sales (MoM) (Jun) 
• 2200 US Fed Chair Powell Speaks  
• 2200 US New Home Sales (Jul)