Stock Market Signals for the US and Indian Stock Markets for the Upcoming Week beginning June 15

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2094, 0.06%	Neutral	Neutral
Nifty	7983, -1.62%	Neutral**	Bearish
China Shanghai Index	5166, 2.85%	Bullish	Bullish
Gold	1181, 0.75%	Bullish	Bullish
WTIC Crude	59.94, 1.80%	Bullish	Bearish
Copper	2.68, -0.96%	Bearish	Bearish
Baltic Dry Index	642, 5.25%	Bullish	Bullish
Euro	1.126, 1.44%	Bullish	Bullish
Dollar/Yen	123.85, -1.34%	Bearish	Bearish
Dow Transports	8417,- 1.09%	Bearish	Bearish
US 10 year Bond Yield	2.39%, -0.71%	Bullish	Bullish
Nyse Summation Index	-150, -584%	Bearish	Neutral
US Vix	13.78, -3.03%	Bullish	Bullish
20 DMA, S and P 500	2111, Below	Bearish	Neutral
50 DMA, S and P 500	2103, Below	Bearish	Neutral
200 DMA, S and P 500	2048, Above	Bullish	Neutral
20 DMA, Nifty	8251, Below	Neutral	Bearish
50 DMA, Nifty	8353, Below	Neutral	Bearish
200 DMA, Nifty	8346, Below	Neutral	Bearish
India Vix	17.48, -3.37%	Neutral	Bullish
Dollar/Rupee	64.10, -0.01%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	8	7
Bearish Indications	6	8
Outlook	Marginally Bullish	Marginally Bearish
Observation	The Sand P 500 held support at 2085 while the Nifty under performed significantly last week. The summation index is flashing warning signs. Market cycles are positive till July so a rally is likely through the FOMC. Also Expecting a big move up in the Nifty this week.
On the Horizon	Greece, FOMC, Speech from ECB President Draghi, US CPI
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts
**Neutral	Changes less than 0.5% are considered neutral

Last weeks bearish signals have largely been negated. You can check out last weeks report for a comparison.