US Market 04 Dec 2021

US market continues to close lower. 
Russell closed around the recent consolidation support level. 

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

The dollar index closed slightly higher.

Watch out for

• Australia and Canada Interest Rate Decision 
• Speech by Europe ECB De Guindos and Australia RBA Gov Lowe
• China and US Inflation Rate

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, 37,625

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

S&P
Daily UT, Weekly UT

Potential resistance around 4,632, 4,867

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

Nasdaq
Daily UT, Weekly UT

Potential resistance around 16,374, 17,097, 17,819

Potential support around 15,652, 14,930, 14,207, 13,485, 12,762, 12,410

Russell
Daily Neutral, Weekly UT
Potential resistance around 2,170, 2,300, 2,430, 2,561, 2,691

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

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

06 Dec, Mon

• No important data

07 Dec, Tue

• 1130 Australia RBA Interest Rate Decision (Dec)
• 1130 Australia RBA Rate Statement  
• 1800 German ZEW Economic Sentiment (Dec)
• 1800 Europe Employment Change (Q3)
• 2130 Canada Balance of Trade (Oct)
• 2300 Canada Ivey PMI (Nov)

08 Dec, Wed

• 0750 Japan GDP (QoQ) (Q3)
• 1630 Europe ECB De Guindos Speech 
• 1930 Europe ECB De Guindos Speech 
• 2300 US JOLTs Job Openings (Oct)
• 2300 Canada BOC Press Conference 
• 2300 Canada BoC Interest Rate Decision
• 2330 US Crude Oil Inventories

08 Dec, Thu

• 0600 Australia RBA Gov Lowe Speech 
• 0930 China Inflation Rate YoY (Nov)
• 1500 German Balance of Trade (Oct)
• 2130 US Initial Jobless Claims

10 Dec, Fri

• 1500 UK GDP
• 1500 UK Manufacturing Production (MoM) (Oct)
• 2130 US Inflation Rate YoY (Nov)
• 2300 US Michigan Consumer Sentiment (Dec)