Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
- S&P (decreased for 3rd week)
- Russell (decreased for 3rd 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
After failed to go higher for 2 weeks, US markets sell down between 2-4%
US made a false break lhf on Mon and broke hlf on Tue
Dow
Daily UT, Weekly Neutral
Potential resistance around 17,271, 17,600, TLD1, TLU4, 17,829
Potential support around TLU8, 17,083, 16,503, 16,246
S&P
Daily UT, Weekly Neutral
Potential resistance around 2,028, 2,045, 2,061, TLU3, 2,102
Potential support around TLD2, 1,996, TLU4, 1,973, 1,930, TLD1
Nasdaq
Daily UT, Weekly UT
Potential resistance around 4,537, TLU4, 4,640, 4,682, TLU8, TLU5
Potential support around TLU1, 4,347, TLU6, 4,271, 4,193, TLD1
Russell
Daily UT, Weekly Neutral
Potential resistance around 1,137, TLD1, 1,164, TLU4, 1,185
Potential support around 1,114, TLU2, 1,082, TLD2, 1,049
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