Saturday, October 17, 2015

Indices Performance Chart - 17 Oct 15

Most markets continue to close slightly higher this week.

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

  • None
Neutral
  • None
DT
  • Dow (1) (decreased for 1st week)
  • S&P (1) (decreased for 1st week)
  • Nasdaq (decreased for 1st week)
  • Russell (decreased for 1st week)
Note
(1) COT Index >= 90
(2) COT Index <= 10
(3) COT Index >= 70, rising COT Index, monitor for trend reversal from DT to UT  


US markets formed outside day on Tue, sell down on Wed.  Markets rebounded and broke lhf on Thu.  US markets weekly charts look pretty good (except for Russell) with 3 green consecutive candles, the markets had recovered more than 8% in 3 weeks.  A minor pull back before continue to go higher will be good.


Dow
Daily DT, Weekly Neutral
Potential resistance around  17,271, 17,400, 17,600 and 17,829
Potential support around 17,083, 16,503, 16,246 and 15,851

S&P
Daily DT, Weekly UT
Potential resistance around 2,045, 2,061, 2,102 and 2,116
Potential support around 2,028, 1,996, 1,973 and 1,930

Nasdaq
Daily DT, Weekly UT
Potential resistance around 4,500, 4,537, 4,600 and 4,640
Potential support around 4,347, 4,271, 4,193 and 4,089

Russell
Daily DT, Weekly UT
Potential resistance around  1,185, 1,213, 1,240 and 1,274
Potential support around 1,164, 1,137, 1,114, 1,082 and 1,049

No comments:

Post a Comment