US Markets 22 Mar 25

The US market closed higher. The trend of Russell's weekly chart turned to neutral.

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

The dollar index broke the previous week's low and recovered to close higher. 

Watch out for

• GDP, Manufacturing and Services PMI data by multiple countries

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 

• S&P

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.

Dow
Daily DT, Weekly UT
Potential resistance around 44,014, 46,144

Potential support around 44,014, 41,884, 39,754, 37,625, 35,495

S&P
Daily DT, Weekly UT

Potential resistance around 5,809, 6,045, 6,280

Potential support around 5,574, 5,338, 5,103

Nasdaq
Daily DT, Weekly UT

Potential resistance around 19,986, 20,709, 21,431, 22,154

Potential support around 19,264, 18,542, 17,819

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

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

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

24 Mar, Mon

• 1630 Germany HCOB Manufacturing PMI (Mar) 
• 1630 Germany HCOB Services PMI (Mar) 
• 1700 Europe HCOB Manufacturing PMI (Mar) 
• 1700 Europe HCOB Services PMI (Mar) 
• 1730 UK S&P Global Manufacturing PMI (Mar)  
• 1730 UK S&P Global Services PMI (Mar) 
• 2145 US S&P Global Manufacturing PMI (Mar)  
• 2145 US S&P Global Services PMI (Mar) 

25 Mar, Tue

• 0200 UK BoE Gov Bailey Speaks  
• 0750 Japan Monetary Policy Meeting Minutes 
• 1300 Japan BoJ Core CPI (YoY)
• 2000 US Building Permits (Feb)
• 2200 US CB Consumer Confidence (Mar)
• 2200 US New Home Sales (Feb)

26 Mar, Wed

• 1500 UK CPI (YoY) (Feb)
• 2030 US Durable Goods Orders (MoM) (Feb)
• 2130 US Crude Oil Inventories

27 Mar, Thu

• 2030 US Initial Jobless Claims
• 2030 US GDP (QoQ) (Q4)

28 Mar, Fri

• 1500 UK GDP (QoQ) (Q4)
• 1500 UK Core Retail Sales (MoM) (Feb)
• 2030 US Core PCE Price Index (MoM) (Feb)
• 2030 US Core PCE Price Index (YoY) (Feb)
• 2030 Canada GDP (MoM) (Jan)
• 2030 Canada GDP (MoM) (Feb)
• 2200 US Michigan Consumer Sentiment (Mar)
• 2200 US Michigan Consumer Expectations (Mar)