US Markets 27 Oct 18

US markets pull back for the 4th week.  US markets daily chart is on DT (Downtrend).  
Expect volatility to continue.  Various countries will have an interest rate decision this week while US will have NFP on 2 Nov, Fri.

Dollar Index tested another resistance level.

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

• None

Neutral 

• None

DT 

• Nasdaq

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 24,841, 25,336, 25,649, 25,784, 26,627, TLU11, 26,976, 29,106

Potential support around 24,170, 23,567, 23,435, TLU6, 23,175, 22,776, 22,121

S&P
Daily Neutral, Weekly UT

Potential resistance around 2,710, 2,786, 2,814, 2,825, 2,874, 2,940, 2,983, 3,219

Potential support around 2,593 2,551, 2,506, 2,480, 2,450, 2,406, 2,392, 2,366

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 7,134, 6,982, 6,857, TLU3, 6,346, TLU4, 6,261

Russell
Daily DT, Weekly UT
Potential resistance around  1,494, 1,508, 1,519, 1,543, 1,585, 1,609, 1,624

Potential support around 1,451, 1,420, 1,388 TLU3, 1,341, 1,296

Key event to watch out  (SG Time)

29 Oct, Mon

• 2030 UK Autumn Budget
• 2030 US Core Personal Consumption Expenditure

30 Oct, Tue

• 1655 German Unemployment Change (Oct) 
• 1800 Europe Gross Domestic Product s.a. 
• 2200 US CB Consumer Confidence (Oct) 

31 Oct, Wed

• 0330 Canada BoC Gov Poloz Speaks
• 0830 Australia CPI (QoQ) (Q3)
• 0900 China Manufacturing PMI (Oct) 
• 1000 Japan BoJ Monetary Policy Statement (YoY) 
• 1000 Japan BoJ Outlook Report (YoY)   
• 1200 Japan BoJ Press Conference 
• 1800 Europe CPI (YoY) (Oct)
• 2015 US ADP Nonfarm Employment Change (Oct) 
• 2030 Canada GDP (MoM) (Aug) 
• 2230 US Crude Oil Inventories

01 Nov, Thu

• 0415 Canada BoC Gov Poloz Speaks 
• 0945 China Caixin Manufacturing PMI (Oct) 
• 1000 China PBoC Interest Rate Decision
• 1730 UK Manufacturing PMI (Oct) 
• 2000 UK BoE Inflation Report    
• 2000 UK BoE Interest Rate Decision (Nov)  
• 2030 UK BoE Gov Carney Speaks   
• 2200 US ISM Manufacturing PMI (Oct) 

02 Nov, Fri

• 0830 Australia Retail Sales (MoM) (Sep)
• 1655 German Manufacturing PMI (Oct) 
• 1730 UK Construction PMI (Oct)
• 2030 US Nonfarm Payrolls (Oct)
• 2030 US Unemployment Rate (Oct)  
• 2030 Canada Employment Change (Oct)