Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
- S&P (increased for 3rd week)
- Russell (increased for 1st week)
- 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 is based on 50 Simple Moving Average
US Markets broke lhf on Tue (except for S&P broke lhf on Mon) and overcame few resistance levels.
Dow
Daily UT, Weekly Neutral
New diff is formed on Tue
Potential resistance around TLU5, 18,189, TLU6, 18,367
Potential support around 17,829, TLD1, 17,600, TLU4, 17,271
S&P
Daily UT, Weekly Neutral
New diff is formed on Tue
Potential resistance around TLU1, 2,102, 2,116, TLD3, 2,129, 2,137
Potential support around TLU3, 2,061, 2,045, 2,028, TLD2
Nasdaq
Daily UT, Weekly UT
New diff is formed on Tue
Potential resistance around 4,722, TLU7, TLU3
Potential support around 4,682, 4,640, TLU5, TLU4, 4,537
Russell
Daily UT, Weekly Neutral
New diff is formed on Tue
Potential resistance around TLD1, 1,185, TLU1, 1,213, 1,240
Potential support around 1,164, 1,137, TLD2, 1,114, TLU2, 1,082
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