US Market 11 Sep 2021

US market broke hlf (higher low formation) on the weekly chart and closed lower.

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

The dollar index broke lhf (lower high formation) and closed higher.

Watch out for

• China Industrial Production
• CPI and Retail Sales data and from various countries

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 15,652, 16,374

Potential support around 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)

13 Sep, Mon

• No important data

14 Sep, Tue

• 0930 Australia NAB Business Confidence (Aug)
• 1400 UK Claimant Count Change (Aug)
• 1400 UK Average Earnings Index +Bonus (Jul)
• 2030 US Core CPI (MoM) (Aug)

15 Sep, Wed

• 0800 Australia HIA New Home Sales MoM (Aug)
• 0830 Australia Westpac Consumer Confidence Index
• 1000 China Unemployment Rate
• 1000 China Retail Sales
• 1000 China Industrial Production (YoY) (Aug)
• 1400 UK CPI (YoY) (Aug)
• 2030 Canada Core CPI (MoM) (Aug)
• 2230 US Crude Oil Inventories

16 Sep, Thu

• 0645 New Zealand GDP (QoQ) (Q2)
• 0750 Japan Balance of Trade
• 0930 Australia Employment Change (Aug)
• 2030 Canada ADP Employment Change (Aug)
• 2030 US Core Retail Sales (MoM) (Aug)
• 2030 US Initial Jobless Claims
• 2030 US Philadelphia Fed Manufacturing Index (Sep)
• 2030 US Retail Sales (MoM) (Aug)

17 Sep, Fri

• 1400 UK Retail Sales (MoM) (Aug)
• 1700 Europe CPI (YoY) (Aug)
• 2200 US Michigan Consumer Sentiment (Sep)