US Markets 20 Jul 19

On the weekly chart, US markets (except Russell) broke pwh, failed to sustain and closed lower with a -roc.   Russell broke pwl and closed lower.

BDI and Harpex closed higher.

Dollar Index closed higher.

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

• None

Neutral 

• None

DT 

• Russell (1)

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 29,106

Potential support around 26,976, 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 3,219

Potential support around 2,983, 2,940, 2,874, 2,854, 2,825, 2,814, 2,786, 2,747, 2,710

Nasdaq
Daily Neutral, Weekly UT

Potential resistance around 8,428

Potential support around 7,859, 7,706 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, 1,683, 1,708

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)
22 Jul, Mon

• No important data

23 Jul, Tue

• 1600 Europe ECB Bank Lending Survey
• 1630 UK FPC Meeting Minutes
• 2200 US Existing Home Sales (Jun) 

24 Jul, Wed

• 1530 German Manufacturing PMI (Jul)  
• 1600 Europe Markit PMI Composite
• 2200 US New Home Sales (Jun)
• 2230 US Crude Oil Inventories 

25 Jul, Thu

• 1105 Australia RBA's Governor Lowe speech
• 1600 German Ifo Business Climate Index 
• 1945 Europe Deposit Facility Rate 
• 1945 Europe ECB Marginal Lending Facility 
• 1945 Europe ECB Monetary Policy Statement  
• 1945 Europe ECB Interest Rate Decision (Jul) 
• 2030 US Core Durable Goods Orders (MoM) (Jun)
• 2030 Europe ECB Press Conference  

26 Jul, Fri

• 2030 US GDP (QoQ) (Q2)