US Markets 21 Sep 19

US market closed lower.  On the weekly chart, Dow and Nasdaq closed with a -roc inside day.  S&P and Russell broke pwh, failed to sustain and closed lower.

BDI closed lower while Harpex closed higher.

Dollar Index closed lower.

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

• None

Neutral 

• Russell

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 27,350, 29,106

Potential support around 26,976, 26,627, 26,245, 25,784, 25,645, 25,326, 24,837

S&P
Daily UT, Weekly UT

Potential resistance around  3,022, 3,219

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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 7,859, 8,002, 8,428

Potential support around 7,706, 7,516, 7,282, 7,134, 6,982, 6,516

Russell
Daily Neutral, 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

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

23 Sep, Mon

• Japan holiday
• 1530 German Manufacturing PMI (Sep)
• 1600 Europe Markit PMI Composite

24 Sep, Tue

• 1335 Japan BoJ's Governor Kuroda speech
• 1600 German Manufacturing PMI (Sep)
• 1755 Australia RBA's Governor Lowe speech
• 2200 US Consumer Confidence

25 Sep, Wed

• 0750 Japan BoJ Monetary Policy Meeting Minutes
• 1000 New Zealand RBNZ Interest Rate Decision 
• 1000 New Zealand RBNZ Rate Statement  
• 1100 New Zealand RBNZ Press Conference  
• 2200 US New Home Sales (Aug)
• 2230 US Crude Oil Inventories 

26 Sep, Thu

• 2030 US GDP (QoQ) (Q2)
• 2200 US Pending Home Sales (MoM) (Aug)

27 Sep, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 2030 US Core Durable Goods Orders (MoM) (Aug)
• 2200 US Michigan Consumer Sentiment Index