Sunday, July 5, 2026

US Markets 04 Jul 26

The US market closed higher, except for Russell, which closed lower. The Dow closed at a historic high.

BDI reversed to close higher from 2,524 (26 Jun) to 2,717 (03 Jul)

Harpex unchanged at 2,327 (04 Jul)

CDFI reversed to close higher from 1,364.1 (26 Jun) to 1,394.88 (04 Jul)

CCFI closed higher from 1,710.47 (26 Jun) to 1,811.15 (04 Jul)

The dollar index continued to close higher.

Watch out for

  • US FOMC Meeting Minutes 
  • China and Germany CPI data

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


Dow
Daily UT, Weekly UT
Potential resistance around 54,662
Potential support around 52,533, 50,403, 48,273

S&P
Daily UT, Weekly UT
Potential resistance around 7,693
Potential support around 7,458, 7,222, 6,987

Nasdaq
Daily
UT, Weekly UT
Potential resistance around 30,100, 30,822
Potential support around 29,378, 28,655, 27,933

Russell
Daily
UT, Weekly UT
Potential resistance around  3,081
Potential support around 2,951, 2,821, 2,691

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

06 Jul, Mon

  • 2145 US S&P Global Services PMI (Jun)
  • 2200 US ISM Non-Manufacturing PMI (Jun)

07 Jul, Tue

  • 2015 US ADP Employment Change Weekly
  • 2200 Canada Ivey PMI (Jun)

08 Jul, Wed

  • 1000 New Zealand RBNZ Interest Rate Decision
  • 2230 US Crude Oil Inventories

08 Jul, Thu

  • 0100 US 10-Year Note Auction  
  • 0200 US FOMC Meeting Minutes  
  • 0930 China CPI (YoY) (Jun)
  • 0930 China PPI (YoY) (Jun)
  • 2030 US Initial Jobless Claims
  • 2200 US Existing Home Sales (Jun)

10 Jul, Fri

  • New Zealand on holiday
  • 0101 US 30-Year Bond Auction  
  • 1400 Germany CPI (MoM) (Jun)
  • 2030 Canada Unemployment Rate (Jun)

Dollar Index closed lower

The dollar index broke the previous week's low and closed lower.
Resistance at 102.3, 103.6, 106.7
Support at 100.3, 99.8, 98.7


COT for Dollar Index

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

Weekly chart with 50 SMA