US Markets 29 Jun 19

On the weekly charts, US markets closed with an inside day except for Russell broke hlf and closed higher.

BDI closed higher while Hapex edged lower.

Dollar Index closed with a doji.

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

• None

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 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 Neutral , 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)

01 Jul, Mon

• Hong Kong and Canada holiday
• 0750 Japan Tankan Large Manufacturers Index (Q2)
• 0750 Japan Tankan Large Non-Manufacturers Index (Q2)
• 0945 China Caixin Manufacturing PMI (Jun) 
• 1555 German Manufacturing PMI (Jun)
• 1555 German Unemployment Change (Jun)
• 1630 Manufacturing PMI (Jun)
• 2200 US ISM Manufacturing PMI (Jun) 

02 Jul, Tue

• 1230 Australia RBA Interest Rate Decision (Jul) 
• 1230 Australia RBA Rate Statement  
• 1630 UK Construction PMI (Jun)

03 Jul, Wed

• US markets early close
• 1630 UK Services PMI (Jun)
• 2015 US ADP Nonfarm Employment Change (Jun)
• 2200 US ISM Non-Manufacturing Prices (Jun)
• 2230 US Crude Oil Inventories 

04 Jul, Thu

• US holiday
• 0930 Australia Retail Sales (MoM) (May)

05 Jul, Fri

• 2030 US Nonfarm Payrolls (Jun)
• 2030 US Unemployment Rate (Jun)
• 2030 Canada Employment Change (Jun)
• 2200 Canada Ivey PMI (Jun)