Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning September 7

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1921, -3.40%	Bearish	Bearish
Nifty	7655, -4.34%	Neutral**	Bearish
China Shanghai Index	3160, -2.23%	Bearish	Bearish
Gold	1122, -0.91%	Bearish	Bearish
WTIC Crude	45.77, 1.02%	Bullish	Bullish
Copper	2.31, -1.24%	Bearish	Bearish
Baltic Dry Index	875, -3.10%	Bearish	Bearish
Euro	1.1147, -0.30%	Neutral	Neutral
Dollar/Yen	119.05, -2.26%	Bearish	Bearish
Dow Transports	7794, -1.45%	Bearish	Bearish
US 10 year Bond Yield	2.13%, -2.65%	Bullish	Bullish
Nyse Summation Index	-583, 4.72%	Bullish	Neutral
US Vix	27.80, 6.72%	Bearish	Bearish
20 DMA, S and P 500	2006, Below	Bearish	Neutral
50 DMA, S and P 500	2057, Below	Bearish	Neutral
200 DMA, S and P 500	2073, Below	Bearish	Neutral
20 DMA, Nifty	8135, Below	Neutral	Bearish
50 DMA, Nifty	8344, Below	Neutral	Bearish
200 DMA, Nifty	8432, Below	Neutral	Bearish
India Vix	26.42, 13.26%	Neutral	Bearish
Dollar/Rupee	66.69, 0.82%	Neutral	Bearish
Overall	S & P 500	Nifty
Bullish Indications	3	2
Bearish Indications	12	14
Outlook	Bearish	Bearish
Observation	The Sand P 500 and Nifty were down hard last week. Indicators are bearish. The Vix moves are flashing crash signs.  Looking for more downside in the Nifty and the S and P 500 with a possible retest of earlier lows.
On the Horizon	Euro zone GDP, New Zealand, Canada and UK rate decisions Australia employment  data, China loan data and CPI, US U. Mich. consumer confidence.
*Nifty	India’s Benchmark Stock Index
Raw Data	Courtesy Google finance, Stock charts, Dailyfx
**Neutral	Changes less than 0.5% are considered neutral

The markets were smashed last week. Signals are bearish for the upcoming week and markets are in crash mode. There will be more downside upcoming in the Nifty and the S and P 500, with at least a retest of the lows for the S and P 500 near 1867. You can check out last weeks report for a comparison. You can also check out snapshots of the S and P 500 and Nifty Indices.

Market Signals for the Nifty and S and P 500 for the week beginning September 7 http://t.co/kaC7cl98Ma pic.twitter.com/VHQ72PFKQp

— samuelR (@RajveerRawlin) September 8, 2015