US Markets 25 Jul 26

The US market closed lower.
The S&P daily trend turned to neutral, and the Nasdaq daily trend turned to downtrend.

The dollar index is consolidating and closed higher.

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

Watch out for

• The US, UK, and Japan's interest rate decisions.
• CPI and GDP from multiple countries.

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

UT 

• Russell

Neutral 

• None

DT 

• Nasdaq (1)

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

Downtrend and uptrend are based on 50 Simple Moving Averages

Dow
Daily UT, Weekly UT

Potential resistance around 52,533, 54,662

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

S&P
Daily Neutral, Weekly UT

Potential resistance around 7,458, 7,693

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

Nasdaq
Daily DT, Weekly UT

Potential resistance around 28,655, 29,378, 30,100

Potential support around 27,933, 27,210, 26,488

Russell
Daily UT, Weekly UT

Potential resistance around 2,951, 3,081

Potential support around 2,821, 2,691, 2,561

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

27 Jul, Mon

• 2030 US Durable Goods Orders (MoM) (Jun) ^P
• 2030 US Core Durable Goods Orders (MoM) (Jun) ^P

28 Jul, Tue

• 1300 Japan BoJ Core CPI (YoY) 
• 2015 US ADP Employment Change Weekly  
• 2200 US CB Consumer Confidence  (Jul)

29 Jul, Wed

• 0930 Australia CPI (YoY) (Q2)
• 2230 US Crude Oil Inventories

30 Jul, Thu

• 0200 US Fed Interest Rate Decision  
• 0200 US FOMC Statement 
• 0230 US FOMC Press Conference 
• 1600 Germany GDP (QoQ) (Q2) ^P
• 1700 Europe GDP (YoY) (Q2) ^P
• 1900 UK BoE Interest Rate Decision (Jul)
• 2000 Germany CPI (MoM) (Jul) ^P
• 2030 US Core PCE Price Index (MoM) (Jun)
• 2030 US GDP (QoQ) (Q2) ^P
• 2030 US Initial Jobless Claims

31 Jul, Fri

• 0930 China Manufacturing PMI (Jul)
• 0930 China Non-Manufacturing PMI (Jul)
• 1100 Japan BoJ Interest Rate Decision 
• 1700 Europe CPI (YoY) (Jul) ^P
• 1700 Europe Core CPI (YoY) (Jul) ^P
• 2030 Canada GDP (MoM) (May)
• 2145 US Chicago PMI (Jul)
• 2200 US Michigan Consumer Sentiment (Jul)

^P: Preliminary Release