US Markets 29 Mar 25

The US market closed lower. On the weekly chart, S&P, Nasdaq, and Russell closed with an outside day.

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

The dollar index closed lower while consolidating. 

Watch out for

• Australia Interest Rate Decision
• Manufacturing and Services PMI data by multiple countries
• US NFP
• Speech by US Fed Chair Powell

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 Neutral, Weekly UT
Potential resistance around 41,884, 44,014, 46,144

Potential support around 39,754, 37,625, 35,495

S&P
Daily DT, Weekly UT

Potential resistance around 5,574, 5,809, 6,045, 6,280

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

Nasdaq
Daily DT, Weekly UT

Potential resistance around 19,264, 19,986, 20,709, 21,431

Potential support around 18,542, 17,819, 17,097

Russell
Daily DT, Weekly DT
Potential resistance around 2,040, 2,170, 2,300, 2,430

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

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

31 Mar, Mon

• 0930 China Manufacturing PMI (Mar)
• 0930 China Non-Manufacturing PMI (Mar)
• 2000 Germany CPI (MoM) (Mar) 
• 2145 US Chicago PMI (Mar)

01 Apr, Tue

• 0750 Japan Tankan Large Manufacturers Index (Q1)
• 0945 China Caixin Manufacturing PMI (Mar)
• 1130 Australia RBA Interest Rate Decision (Apr)
• 1130 Australia RBA Rate Statement  
• 1555 Germany HCOB Manufacturing PMI (Mar)
• 1600 Europe HCOB Manufacturing PMI (Mar)
• 1630 UK S&P Global Manufacturing PMI (Mar)
• 1700 Europe CPI (YoY) (Mar) 
• 2145 US S&P Global Manufacturing PMI (Mar)
• 2200 US ISM Manufacturing PMI (Mar)
• 2200 US JOLTS Job Openings (Feb)

02 Apr, Wed

• 2015 US ADP Nonfarm Employment Change (Mar)
• 2230 US Crude Oil Inventories

03 Apr, Thu

• 0945 China Caixin Services PMI (Mar)
• 1555 Germany HCOB Services PMI (Mar)
• 1600 Europe HCOB Services PMI (Mar)
• 1630 UK S&P Global Services PMI (Mar)
• 1930 Europe ECB Monetary Policy Statement  
• 2030 US Initial Jobless Claims
• 2130 Canada S&P Global Services PMI (Mar)
• 2145 US S&P Global Services PMI (Mar)
• 2200 US ISM Non-Manufacturing PMI (Mar)

04 Apr, Fri

• Hong Kong and China on holiday
• 2030 US Average Hourly Earnings (MoM) (Mar)
• 2030 US Nonfarm Payrolls (Mar)
• 2030 US Unemployment Rate (Mar)
• 2030 Canada Unemployment Rate (Mar)
• 2030 Canada Employment Change (Mar)
• 2325 US Fed Chair Powell Speaks