US Markets 22 Jun 24

The US market closed higher. While Dow and Russell consolidated, S&P and Nasdaq closed at historic highs. 

BDI closed higher from 1,948 (14 Jun) to 1,997 (21 Jun)

Harpex closed higher from 1,712 (14 Jun) to 1,891 (21 Jun)

CDFI closed higher from 1,264.71 (14 Jun) to 1,284.01 (21 Jun)

CCFI closed higher from 1,733.47 (14 Jun) to 1,829.22 (21 Jun)

The dollar index tested and closed above TLU3 resistance. The dollar index closed with an inside day on the weekly chart.

Watch out for

• Japan and Canada reporting CPI data
• The US and UK reporting GDP data

There will be no update on COT this week due to the delayed release date due to a Federal holiday.

Dow
Daily Neutral, Weekly UT
Potential resistance around 39,754, 41,884

Potential support around 37,625, 35,495, 33,365, 31,236

S&P
Daily UT, Weekly UT

Potential resistance around 5,574

Potential support around 5,338, 5,103, 4,867, 4,632, 4,396

Nasdaq
Daily UT, Weekly UT

Potential resistance around 19,986, 20,709

Potential support around 19,264, 18,542, 17,819, 17,097, 16,374

Russell
Daily DT, Weekly UT
Potential resistance around 2,040, 2,170, 2,300

Potential support around 1,910, 1,779, 1,649, 1,519

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

24 Jun, Mon

• No important data

25 Jun, Tue

• 1300 Japan BoJ Core CPI (YoY)
• 2030 Canada Core CPI (MoM) (May)
• 2030 Canada CPI (MoM) (May)
• 2200 US CB Consumer Confidence (Jun)

26 Jun, Wed

• 2200 US New Home Sales (May)
• 2230 US Crude Oil Inventories

27 Jun, Thu

• 0100 US 5-Year Note Auction
• 2030 US Durable Goods Orders (MoM) (May)
• 2030 US GDP (QoQ) (Q1)

28 Jun, Fri

• New Zealand on holiday
• 1400 UK GDP (YoY)
• 2030 US Core PCE Price Index (YoY) (May)
• 2145 US Chicago PMI (Jun)
• 2300 US Fed Monetary Policy Report