US Markets 24 Nov 18

US markets continue to slump down.  Nasdaq broke Oct low, tested trend support, recovered some losses and closed above it.

BDI and Harpex rebounded.

• BDI raised to 1096 (23 Nov) from 1031 (16 Nov)
• Harpex also closed higher to 501.57 (16 Nov) from 499.48 (09 Nov)

Dollar Index tested trend channel support and rebounded.

COT data are delayed for few days due to a Federal holiday.

Dow

Daily DT, Weekly UT
Potential resistance around 24,841, 25,326, 25,645, 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 DT, Weekly UT

Potential resistance around 2,710, 2,747, 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 DT, Weekly UT

Potential resistance around 6,725, 6,982, 7,134, 7,282, TLU6, 7,516, 7,706, TLU7, 8,428

Potential support around 6,518, TLU3, TLU4, 6,346, TLU4, 6,261, 6,061, 5,950

Russell
Daily DT, Weekly UT
Potential resistance around 1,508, 1,519, 1,543, 1,585, 1,609, 1,624, 1,683, 1,708, 1,743

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

Key event to watch out  (SG Time)

26 Nov, Mon

• 0615 Australia RBA's Governor Philip Lowe Speech
• 0800 EU Brexit Summit
• 1700 German Ifo Business Climate Index 
• 2200 Europe ECB President Draghi Speaks   

27 Nov, Tue

• 2300 US CB Consumer Confidence (Nov)   

28 Nov, Wed

• 2130 US GDP (QoQ) (Q3)
• 2300 US New Home Sales (Oct)
• 2330 US Crude Oil Inventories

29 Nov, Thu

• 0100 US FOMC Member Powell Speaks
• 1655 German Unemployment Change (Nov)
• 2300 US Pending Home Sales (MoM) (Oct)

30 Nov, Fri

• 0300 US FOMC Meeting Minutes
• 0900 China Manufacturing PMI (Nov)
• 1800 Europe CPI (YoY) (Nov) 
• 2130 Canada GDP (MoM) (Sep)