US Market 28 Aug 2021

US market closed higher with S&P and Nasdaq hit a historic high. 
Dow closed with an inside day on the weekly chart.
Russell is consolidating between 2,084 and 2,368.

Harpex, BDI, CCFI and CDFI closed higher.

The dollar index failed to hold above 93.3 resistance level.

Watch out for

• Manufacturing PMI data from various countries
• US NFP

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

UT 

• None

Neutral 

• None

DT 

• 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

Dow

Daily UT, Weekly UT
Potential resistance around 35,495, 37,625

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,632

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily UT, Weekly UT

Potential resistance around 15,652

Potential support around 114,930, 4,207, 13,485, 12,762, 12,410, 12,040

Russell
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561

Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708

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

30 Aug, Mon

• UK Holiday
• 2200 US Pending Home Sales (MoM) (Jul)

31 Aug, Tue

• 0900 China Manufacturing PMI (Aug)
• 1555 German Unemployment Change (Aug)
• 1700 Europe CPI (YoY) (Aug)
• 2030 Canada GDP (MoM) (Jun)
• 2200 US CB Consumer Confidence (Aug)

01 Sep, Wed

• 0930 Australia GDP (QoQ) (Q2)
• 0945 China Caixin Manufacturing PMI (Aug)
• 1555 German Manufacturing PMI (Aug)
• 1630 UK Manufacturing PMI (Aug)
• 2015 US ADP Nonfarm Employment Change (Aug)
• 2200 US ISM Manufacturing PMI (Aug)
• 2230 US Crude Oil Inventories

02 Sep, Thu

• 2030 US Initial Jobless Claims

03 Sep, Fri

• 0930 Australia Retail Sales (MoM) (Jul)
• 0945 China Caixin Services PMI
• 1630 UK Composite PMI (Aug)
• 1630 UK Services PMI (Aug)
• 2030 US Nonfarm Payrolls (Aug)
• 2030 US Unemployment Rate (Aug)
• 2200 US ISM Non-Manufacturing PMI (Aug)