US Markets 22 Jun 19

After closing with a small roc last week, US markets resumed closing higher.

BDI and Harpex resumed closing higher.

Dollar Index broke hlf and 96.3 support.

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

• Nasdaq

Neutral 

• Dow

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 Neutral, Weekly UT
Potential resistance around 26,976, 29,106

Potential support around 26,627, 26,245, 25,784, 25,645, 25,326, 24,837, 24,170, 23,567

S&P
Daily UT, Weekly UT

Potential resistance around 2,983, 3,219

Potential support around 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily UT , Weekly UT

Potential resistance around 7,706, 8,428

Potential support around 7,516, 7,282, 7,134, 6,982, 6,516, 6,346, 6,261, 6,061

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

Potential support around 1,543, 1,519, 1,508, 1,451, 1,420, 1,388, 1,341, 1,296

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

• 1600 German Ifo Business Climate Index 
• 1800 UK Inflation Report Hearings 

25 Jun, Tue

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 2200 US CB Consumer Confidence (Jun)
• 2200 US New Home Sales (May) 

26 Jun, Wed

• 0100 US Fed Chair Powell Speaks  
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference  
• 2030 US Core Durable Goods Orders (MoM) (May)
• 2230 US Crude Oil Inventories 

27 Jun, Thu

• 2030 US GDP (QoQ) (Q1)
• 2200 US Pending Home Sales (MoM) (May)

28 Jun, Fri

• 0750 Japan Tokyo Consumer Price Index 
• 1630 UK GDP (QoQ) (Q1)
• 1700 UK CPI (YoY) (Jun)
• 2030 Canada GDP (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment Index