US Markets 17 Mar 18

On the weekly chart, US markets broke pwh but failed to hold and closed with a -roc.  DOW consolidating directionless.

Harpex continues to climb higher.

Dollar Index continues to consolidate.
Watch out for Thu 0200 Hrs (SGT, GMT+8) US Interest Rate Decision.

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

• Nasdaq

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 UT, Weekly UT
Potential resistance around TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956, 26,600, 26,976

Potential support around 24,847, 24,175, 23,567, 23,175, 22,776

S&P
Daily UT, Weekly UT

Potential resistance around 2,800, TLU3, Lower Trend Channel (green), 2,874, 2,983

Potential support around TLD1, 2,748, 2,618,  2,593, 2,551, TLU1, 2,506

Nasdaq
Daily UT, Weekly UT
Potential resistance around  7,706

Potential support around 7,022, 6,983, TLU7, TLU6, 6,347, 6,261, 6,061, 5,952

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

Potential support around 1,566, 1,543, 1,519, 1,508, 1,494, 1,451, 1,420

Key event to watch out  (SG Time)

19 Mar, Mon

• No important data

20 Mar, Tue

• 0830 Australia RBA Meeting Minutes
• 1730 UK CPI (YoY) (Feb) 
• 1800 German ZEW Economic Sentiment (Mar) 

21 Mar, Wed 

• Japan Holiday
• 1730 UK Average Earnings Index +Bonus (Jan) 
• 1730 UK Claimant Count Change (Feb)   
• 2200 US Existing Home Sales (Feb)
• 2230 US Crude Oil Inventories

22 Mar, Thu

• 0200 US FOMC Economic Projections
• 0200 US Fed Interest Rate Decision    
• 0200 US FOMC Statement   
• 0230 US FOMC Press Conference     
• 0400 New Zealand RBNZ Interest Rate Decision    
• 0400 New Zealand RBNZ Rate Statement 
• 0830 Australia Employment Change (Feb) 
• 1630 German Manufacturing PMI (Mar)    
• 1700 German Ifo Business Climate Index (Mar) 
• 1730 UK Retail Sales (MoM) (Feb)
• 2000 UK BoE Interest Rate Decision (Mar) 
• 2000 UK MPC Asset Purchase Facility Votes 

23 Mar, Fri

• 2030 US Core Durable Goods Orders (MoM) (Feb)
• 2030 Canada Core Retail Sales (MoM) (Jan)   
• 2030 Canada Core CPI (MoM) (Feb) 
• 2200 US New Home Sales (Feb)