Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
Up Trend
- Dow (decreased for 2nd week)
- Nasdaq (decreased for 1st weeks)
- S&P (decreased for 1st week)
- Russell (decreased for 1st week)
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average
US markets continue to close higher between 1-4% this week. S&P, Nasdaq and Russell broke 2014 high. In weekly chart, Dow, S&P and Russell had an outside day last week (in V3Go terminology, is a start of a new trend) and this week closed higher with +ROC. High probability of more upside potential if the momentum continue.
Have added positions for US Indices based on daily LHF
Daily Chart (Resistance Level)
Weekly Chart (Outside Day - New Trend)
Most analysts are expecting Fed to increase interest rate around Jun, therefore the charts below will a reference guide. During this period from now to Jun 2015, bound to face volatility when Fed going to have speech or meeting.
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