US Markets 21 Jun 25

The US market closed higher, except the S&P closed lower. The US market closed with a -roc (closing price < opening price) on the weekly chart.

BDI reversed to close lower from 1,968 (13 Jun) to 1,689 (20 Jun)

Harpex remained the same at 2,158 (20 Jun)

CDFI reversed to close lower from 1,105.25 (13 Jun) to 1,026.69 (20 Jun)

CCFI closed higher from 1,243.05 (13 Jun) to 1,342.46 (20 Jun)

The dollar index closed higher with an inside day on the weekly chart.

Watch out for

• Manufacturing and services PMI by multiple countries
• US Fed Chair Powell's Testimony 
• US GDP

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

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

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

S&P
Daily UT, Weekly UT

Potential resistance around 6,045, 6,280

Potential support around 5,809, 5,574, 5,338, 5,103

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,154, 22,876

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

Russell
Daily UT, Weekly UT
Potential resistance around 2,170, 2,300, 2,430

Potential support around 2,040, 1,910, 1,779, 1,649

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

23 Jun, Mon

• 1530 Germany HCOB Manufacturing PMI (Jun)  
• 1530 Germany HCOB Services PMI (Jun)  
• 1600 Europe HCOB Manufacturing PMI (Jun)  
• 1600 Europe HCOB Services PMI (Jun)  
• 1630 UK S&P Global Manufacturing PMI (Jun)  
• 1630 UK S&P Global Services PMI (Jun)  
• 2145 US S&P Global Manufacturing PMI (Jun)  
• 2145 US S&P Global Services PMI (Jun)  
• 2200 US Existing Home Sales (May)

24 Jun, Tue

• 2030 Canada CPI (MoM) (May)
• 2030 Canada Core CPI (MoM) (May)
• 2200 US CB Consumer Confidence (Jun)
• 2200 US Fed Chair Powell's Testimony

25 Jun, Wed

• 2200 US Fed Chair Powell's Testimony
• 2200 US New Home Sales (May)
• 2230 US Crude Oil Inventories

26 Jun, Thu

• 2030 US Durable Goods Orders (MoM) (May)  
• 2030 US GDP (QoQ) (Q1)
• 2030 US Initial Jobless Claims

27 Jun, Fri

• 2030 US Core PCE Price Index (MoM) (May)
• 2030 US Personal Spending (MoM) (May)
• 2030 Canada GDP (MoM) (Apr)
• 2200 US Michigan Consumer Sentiment (Jun)