US Markets 23 Mar 19

US markets broke pwh but failed to sustain and closed lower with a -ve roc.

Harpex continues to climb higher.

Dollar Index may recover to close the gap.

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 UT, Weekly UT
Potential resistance around 25,645, 25,784, 26,245, 26,627, TLU11, 26,976, 29,106

Potential support around 25,326, 24,837, 24,170, 23,567, 23,435

S&P
Daily UT, Weekly UT

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

Potential support around 2,786, 2,747, 2,710, 2,593 2,551, 2,506

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,516, 7,706, 8,428

Potential support around 7,282, 7,134, 6,982, 6,516, TLU3, TLU4, 6,346, TLU4, 6,261

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

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

Key event to watch out  (SG Time)

25 Mar, Mon

• 1700 German Ifo Business Climate Index 

26 Mar, Tue

• 2030 US Building Permits (Feb)
• 2200 CB Consumer Confidence (Mar) 

27 Mar, Wed

• 0900 New Zealand RBNZ Interest Rate Decision 
• 0900 New Zealand RBNZ Rate Statement  
• 1000 New Zealand RBNZ Press Conference  
• 1600 Europe ECB President Draghi Speaks  
• 2030 US Trade Balance
• 2230 US Crude Oil Inventories 

28 Mar, Thu

• 2030 US GDP (QoQ) (Q4)
• 2100 German CPI (YoY) (Mar)
• 2200 US Pending Home Sales (MoM) (Feb)

29 Mar, Fri

• 1655 German Unemployment Change (Mar)
• 1730 UK GDP
• 1800 Europe CPI (YoY) (Mar) 
• 2030 Canada GDP (MoM) (Jan)
• 2200 US New Home Sales (Feb)