Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
- None
- None
- S&P
(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 formed inside day in weekly chart, continue to be directionless.
Most likely
Dow
Daily DT, Weekly UT
Potential resistance around 18,189, TLU11, 18,367, 18,557, 18,669, TLU4
Potential support around TLD5, 17,829, 17,600, 17,271, TLD3, 17,083
S&P
Daily DT, Weekly UT
Potential resistance around TLU5, TLU4, 2,161, 2,187, 2,285
Potential support around 2,137, 2,129, 2,116, TLU5, 2,102, 2,081, TLD3, 2,061, 2,045
Nasdaq
Daily UT, Weekly UT
Potential resistance around 4,896, TLU1, 5,538
Potential support around 4,816, 4,722, 4,682, 4,640, 4,537
Russell
Daily DT, Weekly UT
Potential resistance around 1,240, TLU5, 1,259(4), 1,274, 1,287
Potential support around TLU2, 1,213, 1,185, 1,164, 1,137
Key event to watch out (SG Time)
24 Oct, Mon
- 1530 EUR German Manufacturing PMI (Oct)
- 1600 EUR German Ifo Business Climate Index (Oct)
- 2200 USD CB Consumer Confidence (Oct)
- 2330 EUR ECB President Draghi Speaks
- 0830 AUD CPI (QoQ) (Q3)
- 2200 USD New Home Sales (Sep)
- 2230 USD Crude Oil Inventories
- 1630 GBP GDP (QoQ) (Q3)
- 2030 USD Core Durable Goods Orders (MoM) (Sep)
- 2200 USD Pending Home Sales (MoM) (Sep)
2030 USD GDP (QoQ) (Q3)
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