US Markets 21 Mar 26

The US market closed lower for another week.

While BDI, CDFI and CCFI closed higher, Harpex remained unchanged.

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

Watch out for

• Preliminary CPI data from multiple countries.

Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)

UT 

• None

Neutral 

• None

DT 

• Nasdaq

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 DT, Weekly UT

Potential resistance around 46,144, 48,273, 50,403

Potential support around 44,014, 41,884, 39,754

S&P
Daily DT, Weekly UT

Potential resistance around 6,751, 6,987, 7,222

Potential support around 6,516, 6,280, 6,045

Nasdaq
Daily DT, Weekly UT

Potential resistance around 24,321, 25,043, 25,766

Potential support around 23,598, 22,876, 22,154

Russell
Daily Neutral, Weekly UT

Potential resistance around 2,561, 2,691, 2,821

Potential support around 2,430, 2,300, 2,170

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

23 Mar, Mon

• No important data

24 Mar, Tue

• 0730 Japan National Core CPI (YoY) (Feb)
• 0730 Japan National CPI (YoY) (Feb)
• 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 Services PMI (Mar)
• 1730 UK S&P Global Manufacturing PMI (Mar)
• 2015 US ADP Employment Change Weekly
• 2145 US S&P Global Services PMI (Mar)
• 2145 US S&P Global Manufacturing PMI (Mar)

25 Mar, Wed

• 0830 Australia CPI (YoY) (Feb)
• 1500 UK CPI (YoY) (Feb)
• 2230 US Crude Oil Inventories

26 Mar, Thu

• 2030 US Initial Jobless Claims

27 Mar, Fri

• 1500 UK Retail Sales (YoY) (Feb)
• 1500 UK Core Retail Sales (YoY) (Feb)
• 2200 US Michigan Consumer Sentiment (Mar)