US Market 21 Mar 2020

US market continues to slump. 
Dow broke the year 2017 low.
S&P testing the year 2017 low.
Nasdaq broke the year 2019 low.
Russell testing year 2016 low.

BDI and Harpex both closed lower.

Dollar Index rallied.

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

• None

Neutral 

• None

DT 

• Dow (1)
• Russell 

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 Neutral
Potential resistance around 20,756, 21,099, 21,659, 22,027, 22,121, 22,776, 23,175

Potential support around 18,669, 18,557, 18,367, 18,017, 17,079, 16,328, 15,778

S&P
Daily DT, Weekly Neutral

Potential resistance around 2,366, 2,392, 2,406, 2,450, 2,480, 2,506, 2,551, 2,593 

Potential support around 2,187, 2161, 2,081, 2,041, 1,930, 1,806

Nasdaq
Daily DT, Weekly Neutral

Potential resistance around 6,982, 7,134, 7,282, 7,516, 7,706, 7,859, 8,002

Potential support around 6,516, 6,346, 6,261, 6,061, 5,950, 5,538

Russell
Daily DT, Weekly DT
Potential resistance around 1,009, 1,049, 1,082, 1,095, 1,114, 1,137, 1,164, 1,185, 1,213

Potential support around 998, 951, 900, 866, 740

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

23 Mar, Mon

• No important data

24 Mar, Tue

• 1630 German Manufacturing PMI (Mar)  
• 1700 Europe Markit PMI Composite
• 1730 UK Composite PMI  
• 1730 UK Manufacturing PMI  
• 1730 UK Services PMI  
• 2200 US New Home Sales (Feb)

25 Mar, Wed

• 0900 New Zealand RBNZ Rate Statement
• 0900 New Zealand RBNZ Interest Rate Decision
• 1700 German Ifo Business Climate Index (Mar)
• 1730 UK CPI (YoY) (Feb)
• 2030 US Durable Goods Orders
• 2230 US Crude Oil Inventories 

26 Mar, Thu

• 1730 UK Retail Sales (MoM) (Feb)
• 2000 UK BoE MPC Meeting Minutes  
• 2000 UK BoE Interest Rate Decision
• 2030 US GDP (QoQ) (Q4)
• 2030 US Goods Trade Balance

27 Mar, Fri

• 0730 Japan Tokyo CPI ex Fresh Food (YoY)
• 2300 US Michigan Consumer Sentiment Index