US Markets 18 Nov 17

US markets closed mixed.  DOW and S&P closed lower.  Russell tested TLU1, rebounded and closed higher.

Dollar Index broke down and closed below TLU9 support.

On Thu, US and Japan markets will be closed for the holiday and FOMC Meeting Minutes at 0200 Hrs.  US markets will be closed early on Fri.

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

• Nasdaq

Neutral

• None

DT

• None

Instruments that show selling interest at extreme (2) by Dealer/Intermediary (sell-side participants)
UT

• Dow
• Russell

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

Dow

Daily UT, Weekly UT
Potential resistance around 23,435, 2,3567, 24,847

Potential support around 23,175, 22,777, 22,717, TLU11, 22,409

S&P
Daily UT, Weekly UT

Potential resistance around TLU1, 2,593, 2,748

Potential support around 2,576, 2,552, 2,512, 2,506, 2,480

Nasdaq
Daily UT, Weekly UT
Potential resistance around 6,347, 6,983

Potential support around 6,261, 6,118, TLU6, 6,061, 5,952, TLU3, 5,890

Russell
Daily UT, Weekly UT
Potential resistance around TLU1, 1,497, 1,508, 1,519, 1,649
Potential support around 1,451, TLU1, 1,420, 1,401, 1,389

Key event to watch out  (SG Time)

20 Nov, Mon

• 2200 EUR ECB President Draghi Speaks

21 Nov, Tue

• 0830 AUD RBA Meeting Minutes
• 2200 USD US Existing Home Sales (Oct)

22 Nov, Wed 

• 0700 USD Fed Chair Yellen Speaks   
• 2130 USD US Core Durable Goods Orders (MoM) (Oct) 
• 2330 USD US Crude Oil Inventories 

23 Nov, Thu

• US and Japan holiday
• 0200 USD US FOMC Meeting Minutes
• 1500 EUR German GDP (QoQ) (Q3)        
• 1630 EUR German Manufacturing PMI (Nov)  
• 1730 GBP UK GDP (QoQ) (Q3)
• 2030 EUR ECB Publishes Account of Monetary Policy Meeting
• 2130 CAD Canada Core Retail Sales (MoM) (Sep)  

24 Nov, Fri

• US close early - The Day After Thanksgiving
• 1700 EUR German Ifo Business Climate Index (Nov)