US Market 06 Jun 2021

US market closed higher and consolidating.

BDI and CDFI closed lower.  Harpex and CCFI closed higher.

The dollar index tested resistance and failed to hold.

Watch out for 

• China CPI, 
• China and Europe Interest Rate Decision, 
• US CPI and G7 Meeting

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 UT, Weekly UT
Potential resistance around 35,495

Potential support around 33,365, 31,236, 29,407, 29,106, 28,912

S&P
Daily UT, Weekly UT

Potential resistance around 4,396

Potential support around 4,161, 3,925, 3,690, 3,579, 3,454, 3,388

Nasdaq
Daily UT, Weekly UT

Potential resistance around 14,207, 14,930

Potential support around 13,485, 12,762, 12,410, 12,040, 11,318

Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430

Potential support around 2,170, 2,040, 1,910, 1,779

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

07 Jun, Mon

• New Zealand holiday
• No important data

08 Jun, Tue

• 0750 Japan GDP (QoQ) (Q1)
• 1700 German ZEW Economic Sentiment (Jun)
• 2030 US Goods Trade Balance
• 2200 US JOLTs Job Openings (Apr)

09 Jun, Wed

• 0930 China Consumer Price Index (YoY)
• 2200 Canada BoC Interest Rate Decision
• 2200 Canada BOC Press Conference  
• 2300 US Crude Oil Inventories

10 Jun, Thu

• 1945 Europe ECB Interest Rate Decision (Jun)
• 1945 Europe ECB Deposit Rate Decision
• 2030 US Core CPI (MoM) (May)
• 2030 US Initial Jobless Claims
• 2030 Europe ECB Press Conference  

11 Jun, Fri

• 0800 Europe G7 Meeting
• 1400 UK Manufacturing Production (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment Index

12 Jun, Sat

• 0800 Europe G7 Meeting