US Market 28 Mar 2020

On the weekly chart, the US market closed higher with a +roc outside day.

Both BDI and Harpex closed lower.

Dollar index slumped.

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

• None

Neutral 

• None

DT 

• Dow (1)
• S&P
• Russell 

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 

CFD price charts

Dow

Daily DT, Weekly DT
Potential resistance around 21,659, 22,027, 22,121, 22,776, 23,175

Potential support around 21,099, 20,756, 118,669, 18,557, 18,367, 18,017, 17,079, 16,328, 15,778

S&P
Daily DT, Weekly DT

Potential resistance around 2,551, 2,593, 2,710, 2,747, 2,786, 2,814

Potential support around 2,506, 2,480, 2,450, 2,406, 2,392, 2,366, 2,187, 2161

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 7,706, 7,859, 8,002, 8,196, 8,428, 8,781, 9,243

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

Russell
Daily DT, Weekly DT
Potential resistance around 1,137, 1,164, 1,185, 1,213, 1,240, 1,296, 1,341, 1,388, 1,420

Potential support around 998, 951, 900, 866, 740

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

30 Mar, Mon

• 2000 German Harmonized Index of Consumer Prices (YoY)
• 2200 US Pending Home Sales (MoM) (Feb)

31 Mar, Tue

• 0900 China Manufacturing PMI (Mar)
• 1400 UK GDP (YoY) (Q4)
• 1555 German Unemployment Change (Mar)
• 1700 Europe CPI (YoY) (Mar)  
• 2030 Canada GDP (MoM) (Jan)
• 2200 US CB Consumer Confidence (Mar) 

01 Apr, Wed

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q1)
• 0945 China Caixin Manufacturing PMI (Mar) 
• 1555 German Manufacturing PMI (Mar)
• 1630 UK Manufacturing PMI (Mar)
• 2015 US ADP Nonfarm Employment Change (Mar)
• 2200 US ISM Manufacturing PMI (Mar)
• 2230 US Crude Oil Inventories 

02 Apr, Thu

• 2030 US Trade Balance
• 2030 US Initial Jobless Claims 

03 Apr, Fri

• 0830 Australia Retail Sales (MoM) (Feb)
• 1630 UK Composite PMI (Mar)
• 1630 UK Services PMI (Mar)
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)
• 2200 US ISM Non-Manufacturing PMI (Mar)