The US market closed lower, except for the Nasdaq, which closed higher.
The Dow's daily trend turned down.
The dollar index broke the consolidation resistance and rallied.
While Harpex and CCFI closed higher, BDI and CDFI closed lower.
Watch out for
- Meeting of President Trump and President Xi
- Japan short trading week
- Preliminary Release of Manufacturing and Services PMI from multiple countries
- Switzerland SNB Interest Rate Decision
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Russell
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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 are based on 50 Simple Moving Averages(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 52,533, 54,662, 56,792
Potential support around 50,403, 48,273, 46,144
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 7,693, 7,929
Potential support around 7,458, 7,222, 6,987
Nasdaq
Daily Neutral, Weekly UT
Daily Neutral, Weekly UT
Potential resistance around 30,100, 30,822, 31,545
Potential support around 29,378, 28,655, 27,933
Russell
Daily DT Weekly UT
Daily DT Weekly UT
Potential resistance around 2,951, 3,081, 3,212
Potential support around 2,821, 2,691, 2,561
Key event to watch out for (SG Time, GMT+8)
21 Sep, Mon
- Japan on holiday
- 0915 China PBoC Loan Prime Rate
22 Sep, Tue
- Japan on holiday
- 2015 US ADP Employment Change Weekly
23 Sep, Wed
- Japan on holiday
- 1530 Germany HCOB Manufacturing PMI (Sep) ^P
- 1530 Germany HCOB Services PMI (Sep) ^P
- 1600 Europe HCOB Manufacturing PMI (Sep) ^P
- 1600 Europe HCOB Services PMI (Sep) ^P
- 1630 UK S&P Global Manufacturing PMI (Sep) ^P
- 1630 UK S&P Global Services PMI (Sep) ^P
- 2145 US S&P Global Manufacturing PMI (Sep) ^P
- 2145 US S&P Global Services PMI (Sep) ^P
- 2230 US Crude Oil Inventories
24 Sep, Thu
- President Trump and President Xi Summit
- 0930 Australia Unemployment Rate (Aug)
- 1530 Switzerland SNB Interest Rate Decision (Q3)
- 2030 US Initial Jobless Claims
- 2030 Canada Retail Sales (MoM) (Jul)
- 2030 Canada Core Retail Sales (MoM) (Jul)
- 2200 US New Home Sales (Aug)
25 Sep, Fri
- China on holiday
- 2030 US Durable Goods Orders (MoM) (Aug)
- 2200 US Michigan Consumer Sentiment (Sep)
^P: Preliminary Release
