Indices Performance Chart - 05 Sep 15

Markets closed lower between 1-5% after technical rebound

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

• None

Neutral

• None

DT

• Dow (1) (increased for few weeks)
• S&P (1) (increased for 2nd week)
• Nasdaq (1) (increased for 2nd week)
• Russell (1) (increased for few weeks)

Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT

 
A new Diff is formed week.  Wed to Fri are trading between Tue dl and dh.  There is a false break on Wed and closed with doji on Wed.  On weekly chart, inside day is formed. On daily chart, the direction is not clear,  I will prefer to  wait for clearer signal (for eg. above Diff) to build up long pos on every lhf

Dow
DT
Potential resistance around 16,246, 16,503, 17,083 and 17,271
Potential support around 15,851, 15,376 and 14,812

S&P
Daily DT, Weekly Neutral
Potential resistance around 1,930, 1,973, 1,996 and 2,028
Potential support around 1,886, 1,820 and 1,737

Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,193, 4,271, 4,347 and 4,537
Potential support around 4,089, 3,956 and 3,755

Russell
Daily DT, Weekly Neutral
Potential resistance around 1,164, 1,185, 1,213 and 1,240
Potential support around 1,137, 1,114 and 1,082