Indices Performance Chart - 29 Aug 15

After the huge sell-off from last week and Mon, the markets recovered between 2 to 8%, this recovery may be a technical rebound and may not be sustainable, continue to be volatile.  

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

• None

Neutral

• None

DT

• Dow (1) (increased for 3rd week)
• S&P (1) (increased for 1st week)
• Nasdaq (1) (sharp increased for 1st week)
• Russell (1) (increased for few weeks)

Since I started to monitor COT about 2 years ago, this is the first time I come across all the 4 US indices with buying interest at extreme. 

Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT

A new Diff is formed this week.  Most break out of Diff and Mon dh.  Fri closing was a doji.  Will short if break pdl but small, due to the buying interest is at the extreme. If not will continue to build up long pos on every lhf

Dow 
Daily DT, Weekly Neutral
Potential resistance around 17,083, 17,271, 17,351 and 17,552
Potential support around 16,503, 16,246, 15,851 and 15,376

S&P
Daily DT, Weekly Neutral
Potential resistance around 1,996, 2,028, 2,045 and 2,061
Potential support around 1,973, 1,930, 1,886 and 1,820

Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,347, 4,537 and 4,640
Potential support around 4,271, 4,193, 4,089 and 3,956

Russell
Daily DT, Weekly Neutral
Potential resistance around 1,164, 1,185, 1,213 and 1,240
Potential support around 1,137, 1,114 and 1,082