US Markets 07 Apr 18

US markets broke pwl, recovered some losses and closed with a -roc.
Dow and S&P are consolidating.  Nasdaq and Russell testing support and closed above support.

Harpex testing year 2015 high.
Dollar Index consolidating.

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 DT, Weekly UT
Potential resistance around 24,175, TLU11, TLD1, 25,507, 25,821, Lower Trend Channel (Blue), 25,956

Potential support around 23,567, 23,175, 22,776, TLU6, 22,121

S&P
Daily DT, Weekly UT

Potential resistance around TLD1, 2,748, 2,800, TLU3, Lower Trend Channel (green), 2,874

Potential support around  2,593, 2,551, TLU1, 2,506, 2,480, 2,450, 2,406

Nasdaq
Daily DT, Weekly UT
Potential resistance around  TLU6, 6,983, TLU7, 7,022, 7,706

Potential support around 6,346, 6,261, TLU3, 6,061, TLU4, 5,952

Russell
Daily DT, Weekly UT
Potential resistance around 1,519, 1,543, 1,566, 1,609, TLU3, 1,649

Potential support around TLD1, 1,508, 1,494, 1,451, 1,420, 1,388

Key event to watch out  (SG Time)

09 Apr, Mon

• No important data

10 Apr, Tue

• 2030 US PPI (MoM) (Mar) 

11 Apr, Wed

• 0930 China CPI (Mar) 
• 1630 UK Manufacturing Production (MoM) (Feb)
• 1900 Europe ECB President Draghi Speaks
• 2030 US Core CPI (MoM) (Mar)
• 2230 US Crude Oil Inventories

12 Apr, Thu

• 0200 US FOMC Meeting Minutes
• 1930 Europe ECB Publishes Account of Monetary Policy Meeting

13 Apr, Fri

• 0300 UK BoE Gov Carney Speaks
• 2200 US JOLTs Job Openings (Feb)