Indices Performance Chart - 19 Mar 16

Asia and US closed higher this week while most of Europe closed lower.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT

• DOW (1) (increased for 2nd week)

Neutral

• S&P (decreased for 1st week)
• Nasdaq (1) (increased for 2nd week)
• Russell (1) (decreased for 2nd week)

DT

• 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  

This is the 5th week that US markets had been running up.  
US markets broke out from consolidation on Wed (except for Russell on Thur).  For 2 weeks, Russell closed within the familiar box range.

Dow
Daily UT, Weekly DT
Potential resistance around  17,829, TLU4, 18,189, 18,637, TLU9, TLU5
Potential support around 17,600, TLD2, TLD1, 17,271, 17,083, 16,745, 16,503, 16,246

S&P
Daily Neutral, Weekly DT
Potential resistance around 2,061, 2,102, TLU4, 2,116, 2,129, TLU5
Potential support around 2,045, 2,028, 1,996, 1,973, 1,930

Nasdaq
Daily Neutral, Weekly Neutral
Potential resistance around 4,537, TLU1, 4,640, 4,682, TLU6, 4,772
Potential support around TLD2, 4,347, 4,271, 4,193, TLU2, 4,089, 3,956

Russell
Daily Neutral, Weekly DT
Potential resistance around 1,114, 1,137, TLU2, 1,164, 1,185, 1,213
Potential support around 1,082, TLD3, 1,049, TLD1, 1,009, TLD2, TLU4, 951