US Markets 03 Mar 18

US markets closed lower.  On the weekly charts, it closed with a -roc outside day.
Harpex is at 2 years high.
Dollar Index broke consolidation but failed to hold.

Various countries will be making a decision on interest rate.US NFP on Fri.

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

• Nasdaq (1)

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

Dow

Daily Neutral, Weekly UT
Potential resistance around 24,847, 25,768, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,748, TLD1, Lower Trend Channel (green), 2,874, 2,983

Potential support around 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  TLU7, 6,983, 7,022, 7,706

Potential support around TLU6, 6,347, 6,261, 6,061, 5,952

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,543, TLU3, 1,609, 1,649

Potential support around 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

05 Mar, Mon

• 1730 UK Services PMI (Feb)
• 2300 US ISM Non-Manufacturing PMI (Feb)

06 Mar, Tue

• 0830 Australia Retail Sales (MoM) (Jan)
• 1130 Australia RBA Interest Rate Decision 
• 1130 Australia RBA Rate Statement   
• 2300 Canada Ivey PMI (Feb)

07 Mar, Wed 

• 0830 Australia GDP (QoQ) (Q4)
• 2115 US ADP Nonfarm Employment Change (Feb) 
• 2300 Canada Pending Home Sales (MoM) (Jan)
• 2330 Canada BoC Interest Rate Decision    
• 2330 US Crude Oil Inventories

08 Mar, Thu

• 0750 Japan GDP (QoQ) (Q4)
• 2045 Europe Deposit Facility Rate
• 2045 Europe ECB Interest Rate Decision (Mar)
• 2130 Europe ECB Press Conference

09 Mar, Fri

• Japan BoJ Monetary Policy Statement (YoY)
• Japan BoJ Press Conference
• 0930 China CPI (YoY) (Feb) 
• 1730 UK Manufacturing Production (MoM) (Jan)
• 2130 US Nonfarm Payrolls
• 2130 US Unemployment Rate
• 2130 Canada Unemployment Rate