Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning October 5

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1951, 1.04%	Bullish	Bullish
Nifty	7951, 1.05%	Neutral**	Bullish
China Shanghai Index	3053, -1.28%	Bearish	Bearish
Gold	1138, -0.69%	Bearish	Bearish
WTIC Crude	45.66, 0.71%	Neutral	Neutral
Copper	2.35, 2.78%	Bullish	Bullish
Baltic Dry Index	889, -5.73%	Bearish	Bearish
Euro	1.121, 0.14%	Neutral	Neutral
Dollar/Yen	119.89, -0.59%	Bearish	Bearish
Dow Transports	7874, 0.29%	Neutral	Neutral
US 10 year Bond Yield	1.99%, -8.26%	Bullish	Bullish
Nyse Summation Index	-452, -23.63%	Bearish	Neutral
US Vix	20.94, -11.35%	Bullish	Bullish
20 DMA, S and P 500	1945, Above	Bullish	Neutral
50 DMA, S and P 500	2002, Below	Bearish	Neutral
200 DMA, S and P 500	2063, Below	Bearish	Neutral
20 DMA, Nifty	7823, Above	Neutral	Bullish
50 DMA, Nifty	8131, Below	Neutral	Bearish
200 DMA, Nifty	8378, Below	Neutral	Bearish
India Vix	19.24, -7.89%	Neutral	Bullish
Dollar/Rupee	65.22,-1.38%	Neutral	Bullish
Overall	S & P 500	Nifty
Bullish Indications	5	8
Bearish Indications	7	6
Outlook	Bearish	Bullish
Observation	The Sand P 500 and the Nifty were up last week after the S and P held prior lows. Indicators are mixed. We are entering a weak period for risk assets globally and declines are likely in both indices in the upcoming months.
On the Horizon	US ISM data, Australia and UK rate decisions, Canada and Swiss employment data, US Fed minutes.
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Google finance, Stock charts, FXCM
**Neutral	Changes less than 0.5% are considered neutral

The markets bounced off support last week. Signals are mixed for the upcoming week and markets are in #crash mode. The #SandP500 and several global indices are completing massive bear flags which are resolving to the downside. The markets are expected to encounter resistance at higher levels on any bounces, with the 1980-1990 zone on the S and P 500 acting as major resistance. 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 and Nifty near 7550 in the upcoming days. 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. Love your thoughts and feedback.

Market Signals for the Nifty and S and P 500 for the week beginning October 5 http://t.co/XYtKFGrycl pic.twitter.com/RUGIBMbVrL

— samuelR (@RajveerRawlin) October 4, 2015