US Market 12 Jun 2021

US market closed higher except for Dow closed lower.
US market consolidating.

BDI, CDFI, Harpex, and CCFI closed higher.

The dollar index tested and closed below the resistance.

Watch out for 

• Speeches from the various central bank
• Interest rate decision from the US, Switzerland and Japan
• FOMC Statement and meeting minutes

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 2,430

Potential support around 2,300, 2,170, 2,040, 1,910, 1,779

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

14 Jun, Mon

• Australia, China, Hong Kong holiday
• 2100 UK BoE Gov Bailey Speaks

15 Jun, Tue

• 0930 Australia RBA Meeting Minutes
• 1400 German Harmonized Index of Consumer Prices (YoY)
• 1400 UK ILO Unemployment Rate (3M)
• 1400 UK Claimant Count Change (May)
• 2015 UK BoE Gov Bailey Speaks
• 2030 US Core Retail Sales (MoM) (May
• 2030 US PPI (MoM) (May)
• 2030 US Retail Sales (MoM) (May)

16 Jun, Wed

• 1000 China Retail Sales (YoY)
• 1400 UK CPI (YoY) (May)
• 1500 China Industrial Production (YoY) (May)
• 2030 US Building Permits (May)
• 2030 Canada Core CPI (MoM) (May)
• 2230 US Crude Oil Inventories

17 Jun, Thu

• 0200 US FOMC Meeting Minutes  
• 0200 US FOMC Statement  
• 0200 US Fed Interest Rate Decision
• 0230 US FOMC Economic Projections  
• 0630 Canada BoC's Governor Macklem speech
• 0645 New Zealand GDP (QoQ) (Q1)
• 0930 Australia Employment Change (May)
• 1530 Switzerland SNB Interest Rate Decision
• 1600 Switzerland SNB Press Conference 
• 1700 Europe CPI (YoY) (May)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Jun)

18 Jun, Fri

• 1100 Japan BoJ Monetary Policy Statement  
• 1100 Japan BoJ Interest Rate Decision
• 1400 UK Retail Sales (MoM) (May)
• 1400 Japan BoJ Press Conference