The US market closed higher. The Dow and S&P closed with historic highs.
The S&P trend turned from Neutral to uptrend.
While BDI and CDFI closed higher, Harpex and CCFI closed lower.
The dollar index closed lower below the consolidating support level.
Watch out for
- Manufacturing and Services PMI data by multiple countries
- Australia and Switzerland interest rate decision
- US GDP
- Speech by Fed Chair Powell
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
- Dow
- S&P
- Russell
- 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 are based on 50 Simple Moving Averages.(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 44,014
Daily UT, Weekly UT
Potential resistance around 44,014
Potential support around 41,884, 39,754, 37,625, 35,495, 33,365
S&P
Daily UT, Weekly UT
Daily UT, Weekly UT
Potential resistance around 5,809
Potential support around 5,574, 5,338, 5,103, 4,867, 4,632
Nasdaq
Daily DT, Weekly UT
Daily DT, Weekly UT
Potential resistance around 19,986, 20,709
Potential support around 19,264, 18,542, 17,819, 17,097, 16,374
Russell
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430
Daily UT, Weekly UT
Potential resistance around 2,300, 2,430
Potential support around 2,170, 2,040, 1,910, 1,779, 1,649
Key event to watch out for (SG Time, GMT+8)
23 Sep, Mon
- Japan on holiday
- 1530 Germany HCOB Manufacturing PMI (Sep)
- 1530 Germany HCOB Services PMI (Sep)
- 1600 Europe HCOB Manufacturing PMI (Sep)
- 1600 Europe HCOB Services PMI (Sep)
- 1630 UK S&P Global/CIPS UK Manufacturing PMI (Sep)
- 1630 UK S&P Global/CIPS UK Services PMI (Sep)
- 2145 US S&P Global US Manufacturing PMI (Sep)
- 2145 US S&P Global US Services PMI (Sep)
24 Sep, Tue
- 1230 Australia RBA Interest Rate Decision (Sep)
- 2200 US CB Consumer Confidence (Sep)
25 Sep, Wed
- 2200 US New Home Sales (Aug)
- 2230 US Crude Oil Inventories
26 Sep, Thu
- 1530 Switzerland SNB Interest Rate Decision (Q3)
- 2030 US Durable Goods Orders (MoM) (Aug)
- 2030 US GDP (QoQ) (Q2)
- 2030 US Initial Jobless Claims
- 2120 US Fed Chair Powell Speaks
27 Sep, Fri
- 2030 US Core PCE Price Index (MoM) (Aug)
- 2030 US Personal Spending (MoM) (Aug)
- 2200 US Michigan Consumer Sentiment (Sep)
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