Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
UT
- None
- None
- Dow (1) (increased for 1st week)
- S&P (1) (increased for 1st week)
- Nasdaq (increased for 2nd week)
- Russell (1) (increased 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 broke pwh, Fri closed with small candle show some weakness after running higher for 2 weeks
Dow
DT
Potential resistance around 17,083, 17,271, 17,400 and 17,600
Potential support around 16,503, 16,246, 15,851 and 15,376
S&P
Daily DT, Weekly Neutral
Potential resistance around 2,028, 2,045, 2,061 and 2,102
Potential support around 1,996, 1,973, 1,930 and 1,886
Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,500, 4,537 and 4,640
Potential support around 4,347, 4,271, 4,193 and 4,089
Russell
Daily DT, Weekly UT
Potential resistance around 1,164, 1,185, 1,213 and 1,240
Potential support around 1,137, 1,114, 1,082 and 1,049
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