Instruments that show buying interest (3) from Dealer/Intermediary (sell-side participants)
UT
- S&P (increased for 1st week)
- Nasdaq (1) (increased for 2nd week)
- Russell (increased for 1st week)
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 is based on 50 Simple Moving Average
(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 is based on 50 Simple Moving Average
US markets continue to close lower. A new diff is formed. Not much important data for the coming week.
Watching Nasdaq,
1) sharp increased on buying interest
2) if can test trend channel support and rebound
3) if break and close above TLD4, potential short term bullish.
Watching Russell, if break and close above TLD4 will be potential short term bullish.
Dow
Daily UT, Weekly DTPotential resistance around 17,829, TLD4, 18,189, TLU4, 18,637, TLU2, TLU9, TLU5
Potential support around TLD3, 17,600, 17,271, TLD2, TLD1, 17,083
S&P
Daily UT, Weekly DT
Potential resistance around 2,061, 2,081, TLD5, TLD3, 2,102, TLU4, 2,116, 2,129, 2,137, TLU5
Potential support around 2,045, 2,028, 1,996, 1,973, 1,930
Nasdaq
Daily UT, Weekly Neutral
Potential resistance around TLD4, 4,347, TLD3, 4,537, 4,640, TLU1, 4,682, 4,772
Potential support around 4,271, TLD2, TLU2, 4,193, 4,089, 3,956
Russell
Daily UT, Weekly DT
Potential resistance around TLD5, 1,137, TLU2, 1,164, 1,185, 1,213
Potential support around TLD4, 1,114, 1,082, 1,049
