Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Dow (1) (increased for 1st week)
- S&P (1) (no change)
- Nasdaq (1) (decreased for 1st week)
- Russell (1) (decreased for 2nd week)
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT
US markets spike up when Fed Chair Yellen Speaks while dollar index slide on US interest rate decision remained the same. Us markets back to consolidation range when closing
Dow
DT
Potential resistance around 16,503, 17,083, 17,271 and 17,500
Potential support around 16,246, 15,851, 15,376 and 14,812
S&P
Daily DT, Weekly Neutral
Potential resistance around 1,973, 1,996, 2,028 and 2,045
Potential support around 1,930, 1,886, 1,820 and 1,737
Nasdaq
Daily Neutral, Weekly UT
Potential resistance around 4,347, 4,537, 4,640 and 4,682
Potential support around 4,271, 4,193, 4,089, 3,956 and 3,755
Russell
Daily DT, Weekly Neutral
Potential resistance around 1,185, 1,213, 1,240 and 1,274
Potential support around 1,164, 1,137, 1,114 and 1,082
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