Indices Performance Chart - 11 Jul 15

Europe markets rallied between 2 to 6% this week on hope a deal for Greece while little changed in US.  China A50 closed near to 6% higher while most Asia closed lower.

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

• Dow (increased for 2nd week)
• Nasdaq (increased for 2nd week)
• S&P (1) (increased for 2nd week), highest since 4 Oct 2011
• Russell (increased for 2nd week)

 

Note 
(1) COT Index >= 90, Buying interest at extreme
(2) COT Index <= 10, Selling interest at extreme
(3) No COT data available
Down Trend and Up Trend is based on 50 Simple Moving Average   

US Indices open gapped down and closed with +ROC for the week.  DOW, S&P and Nasdaq broke the channel support and May Low. DOW and S&P yet to test the main trend line support (white color). A new diff had been formed.

I have took partial profit on my short hedging pos and added small long pos.  

 

DOW
Daily DT, Weekly UT
Potential resistance around 17,839, 17,971 and 18,074
Potential support around 17,562, 17,356 and 17,149

S&P
Daily DT, Weekly UT
Potential resistance around 2,080, 2,100 and 21,31
Potential support around 2,062, 2,047, 2,038 and 2,020

Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,430, 4,512 and 4,537
Potential support around 4,376, 4,332 and 4,271

Russell
Daily Neutral, Weekly UT
Potential resistance around 1,261, 1,278 and 1,296
Potential support around 1,240, 1,233 and 1,213