US Markets 28 Jun 25

The US market closed higher. The S&P and Nasdaq closed at historic highs.

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

The dollar index slumped and broke the 97.3 support level.

Watch out for

• Manufacturing PMI by multiple countries
• Speech by Fed Chair Powell
• US NFP

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 

• 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.

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 6,280

Potential support around 6,045, 5,809, 5,574, 5,338

Nasdaq
Daily UT, Weekly UT

Potential resistance around 22,876

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

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

Potential support around 2,170, 2,040, 1,910, 1,779

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

30 Jun, Mon

• 0930 China Manufacturing PMI (Jun)
• 0930 China Non-Manufacturing PMI (Jun)
• 1400 UK GDP (YoY) (Q1)
• 2000 Germany CPI (MoM) (Jun) 
• 2145 US Chicago PMI (Jun)

01 Jul, Tue

• Canada and Hong Kong are on holiday
• 0750 Japan Tankan Large Manufacturers Index (Q2)
• 0945 China Caixin Manufacturing PMI (MoM) (Jun)
• 1555 Germany HCOB Manufacturing PMI (Jun)
• 1600 Europe HCOB Manufacturing PMI (Jun)
• 1700 Europe CPI (YoY) (Jun) 
• 2130 UK BoE Gov Bailey Speaks  
• 2130 US Fed Chair Powell Speaks
• 2145 US S&P Global Manufacturing PMI (Jun)
• 2200 US ISM Manufacturing PMI (Jun)
• 2200 US JOLTS Job Openings (May)

02 Jul, Wed

• 0930 Australia Retail Sales (MoM) (May)
• 1700 Europe Unemployment Rate (May)
• 2015 US ADP Nonfarm Employment Change (Jun)
• 2230 US Crude Oil Inventories

03 Jul, Thu

• US market closes early
• 0945 China Caixin Services PMI (Jun)
• 1555 Germany HCOB Services PMI (Jun)
• 1600 Europe HCOB Services PMI (Jun)
• 1630 UK S&P Global Services PMI (Jun)
• 2030 US Average Hourly Earnings (MoM) (Jun)
• 2030 US Nonfarm Payrolls (Jun)
• 2030 US Initial Jobless Claims
• 2030 US Unemployment Rate (Jun)
• 2145 US S&P Global Services PMI (Jun)
• 2200 US ISM Non-Manufacturing PMI (Jun)

04 Jul, Fri

• US on holiday