Indices Performance Chart - 20 May 17

Most markets closed lower.  S&P trend had changed from UT to neutral.
Dollar Index slumped  down more than 2% in a week.  Potential technical rebound. 
25 May (Thu) 0200 FOMC Meeting minutes and 26 May (Fri) US GDP.

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

UT

• None

Neutral

• None

DT

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)

UT

• None

Neutral

• None

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 

US markets slump down, broke pwl (previous week low) and recovered some losses before closing for the week.
Nasdaq created a historic high and closed with a -roc outside day in the weekly chart.  Russell continues to be resisted by 1389.
S&P trend had changed from UT to neutral.

Dow

Daily Neutral, Weekly UT
Potential resistance around TLU11, TLU5, 21,099, TLU6, 21,451
Potential support around 20,756, TLU2, 19,968, TLU4, 19,440, 18,669, 18,557, TLU1, 18,367

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,392, TLU5, TLU1,2,522
Potential support around 2,366, 2,337, 2,285, 2,187, TLU4, 2,161, 2,137, 2,129, 2,116

Nasdaq
Daily UT, Weekly UT
Potential resistance around TLU3, 5,722, 6,261
Potential support around TLU7, TLU5, 5,538, TLU4, 5,237, TLU1, 5,041

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,389, 1,420, TLU1, TLU3, TLU5, 1,519
Potential support around 1,341, 1,296, 1,287, 1,274, 1,259(4), 1,240, TLU2, 1,213

Key event to watch out  (SG Time)

22 May, Mon

• Canada Holiday
• No important data

23 May, Tue

• 1400 EUR German GDP (QoQ) (Q1) 
• 1600 EUR German Ifo Business Climate Index (May) 
• 1700 GBP Inflation Report Hearings
• 2200 USD New Home Sales (Apr)

24 May, Wed

• 1530 EUR German Manufacturing PMI (May)  
• 2200 USD Existing Home Sales (Apr) 
• 2200 USD BoC Interest Rate Decision 
• 2230 USD Crude Oil Inventories

25 May, Thu

• 0200 USD FOMC Meeting Minutes
• 1630 GBP GDP (QoQ) (Q1)

26 May, Fri

• 2030 USD Core Durable Goods Orders (MoM) (Apr)
• 2030 USD GDP (QoQ) (Q1)