US Markets 01 Jun 19

On the weekly chart, US markets broke pwl and closed lower at week low.

BDI and Harpex closed higher.

Dollar Index closed higher.

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

• None

Neutral 

• Nasdaq

DT 

• Dow

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 24,837, 25,326, 25,645, 25,784, 26,245

Potential support around 24,170, 23,567, 23,435, 6, 23,175, 22,776

S&P
Daily DT, Weekly UT

Potential resistance around 2,786, 2,814, 2,825, 2,854, 2,874, 2,940

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

Nasdaq
Daily Neutral , Weekly UT

Potential resistance around 7,134, 7,282, 7,516, 7,706, 8,428

Potential support around  6,982, 6,516, 6,346, 6,261, 6,061, 5,950

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

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

Key event to watch out  (SG Time, GMT+8)
03 Jun, Mon

• 0945 China Caixin Manufacturing PMI (May) 
• 1555 German Manufacturing PMI (May)
• 1630 UK Manufacturing PMI (May)
• 2200 US ISM Manufacturing PMI (May) 

04 Jun, Tue

• 0930 Australia Retail Sales (MoM) (Apr)
• 1230 Australia RBA Interest Rate Decision (Jun)
• 1230 Australia RBA Rate Statement  
• 1630 UK Construction PMI (May)
• 1700 Europe CPI (YoY) (May)  
• 2145 US Fed Chair Powell Speaks  

05 Jun, Wed

• 0930 Australia GDP (QoQ) (Q1)
• 1630 UK Services PMI (May)
• 2015 US ADP Nonfarm Employment Change (May)
• 2200 US ISM Non-Manufacturing PMI (May)
• 2230 US Crude Oil Inventories 

06 Jun, Thu

• 0930 Australia Trade Balance
• 1700 Europe Gross Domestic Product s.a.
• 1945 Europe Deposit Facility Rate 
• 1945 Europe ECB Marginal Lending Facility 
• 1945 Europe ECB Monetary Policy Statement  
• 1945 Europe ECB Interest Rate Decision (Jun)
• 2030 Europe ECB Press Conference  
• 2030 US Trade Balance
• 2200 Canada Ivey PMI (May)

07 Jun, Fri

• China and Hong Kong holiday
• 2030 US Nonfarm Payrolls (May)
• 2030 US Unemployment Rate (May) 
• 2030 Canada Employment Change (May)