US market closed lower.
S&P and Russell closed with an outside day on the weekly chart. Nasdaq broke hlf (high low formation) on the weekly chart.
The dollar index is consolidating.
Watch out for
- Speech by Fed Chair Powell and ECB De Guindos
- China Inflation Rate
Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- None
Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT
- None
- None
- 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.(2) COT Index <= 10, Selling interest at extreme
(3) COT Index >= 70, rising COT Index, monitor for trend reversal
Dow
Daily UT, Weekly UT
Potential resistance around 37,625
Potential resistance around 37,625
Potential support around 35,495, 33,365, 31,236, 29,407, 29,106
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 4,867, 5,103
Potential support around 4,632, 4,396, 4,161, 3,925, 3,690, 3,579
Nasdaq
Daily UT, Weekly UT
Potential resistance around 15,652, 16,374, 17,097, 17,819
Potential support around 14,930, 14,207, 13,485, 12,762, 12,410
Russell
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561, 2,691
Daily DT, Weekly UT
Potential resistance around 2,300, 2,430, 2,561, 2,691
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)
10 Jan, Mon
- Japan Holiday
- 1800 Europe Unemployment Rate (Nov)
11 Jan, Tue
- 0830 Australia Balance of Trade (Nov)
- 0830 Australia Retail Sales (Nov)
- 2300 US Fed Chair Powell Speech
12 Jan, Wed
- 0930 China Inflation Rate YoY (Dec)
- 2130 US Core CPI (MoM) (Dec)
- 2330 US Crude Oil Inventories
13 Jan, Thu
- 1830 Europe ECB De Guindos Speech
- 2130 US PPI (MoM) (Dec)
- 2130 US Initial Jobless Claims
14 Jan, Fri
- 1500 UK Manufacturing Production (Nov)
- 1500 UK Goods Trade Balance (Nov)
- 1700 German Full Year GDP Growth (2021)
- 2130 US Core Retail Sales
- 2130 US Retail Sales
- 2300 US Michigan Consumer Sentiment (Jan)
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