US Market 04 Sep 2021

US market closed higher except Dow closed lower.
S&P and Nasdaq closed with a historic high. Russell continues to consolidate.

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

The dollar index tested and closed on 92.0 support level.

Watch out for

• Interest rate decisions from Australia, Canada and Europe

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

UT 

• None

Neutral 

• None

DT 

• 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 UT, Weekly UT
Potential resistance around 35,495, 37,625

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

S&P
Daily UT, Weekly UT

Potential resistance around 4,632

Potential support around 4,396, 4,161, 3,925, 3,690, 3,579, 3,454

Nasdaq
Daily UT, Weekly UT

Potential resistance around  16,374

Potential support around 15,652, 14,930, 14,207, 13,485, 12,762

Russell
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561

Potential support around 2,170, 2,040, 1,910, 1,779, 1,743, 1,708

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

06 Sep, Mon

• US, Canada Holiday
• 1630 UK Construction PMI (Aug)

07 Sep, Tue

• 1230 Australia RBA Interest Rate Decision (Sep)
• 1230 Australia RBA Rate Statement
• 1700 German ZEW Economic Sentiment (Sep)

08 Sep, Wed

• 0750 Japan GDP (QoQ) (Q2)
• 2200 US JOLTs Job Openings (Jul)
• 2200 Canada BoC Interest Rate Decision
• 2200 Canada Ivey PMI (Aug)

09 Sep, Thu

• 0930 China Inflation Rate YoY (Aug)
• 1945 Europe Deposit Facility Rate (Aug)
• 1945 Europe ECB Marginal Lending Facility
• 1945 Europe ECB Monetary Policy Statement 
• 1945 Europe ECB Interest Rate Decision (Aug)
• 2030 US Initial Jobless Claims
• 2230 US Crude Oil Inventories

10 Sep, Fri

• 1400 UK GDP
• 1400 UK Manufacturing Production (MoM) (Jul)
• 1400 UK Monthly GDP 3M/3M Change
• 2030 US PPI (MoM) (Aug)
• 2030 Canada Employment Change (Aug)