Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning September 28

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	1931, -1.36%	Bearish	Bearish
Nifty	7869, -1.42%	Neutral**	Bearish
China Shanghai Index	3092, -0.18%	Neutral	Neutral
Gold	1146, 0.56%	Bullish	Bullish
WTIC Crude	45.34, 0.04%	Neutral	Neutral
Copper	2.28, -4.14%	Bearish	Bearish
Baltic Dry Index	943, -1.77%	Bearish	Bearish
Euro	1.1194, -0.94%	Bearish	Bearish
Dollar/Yen	120.60, 0.75%	Bullish	Bullish
Dow Transports	7851, -2.31%	Bearish	Bearish
US 10 year Bond Yield	2.17%, 1.78%	Bearish	Bearish
Nyse Summation Index	-365, 2.98%	Bullish	Neutral
US Vix	23.62, 6.01%	Bearish	Bearish
20 DMA, S and P 500	1955, Below	Bearish	Neutral
50 DMA, S and P 500	2023, Below	Bearish	Neutral
200 DMA, S and P 500	2065, Below	Bearish	Neutral
20 DMA, Nifty	7832, Above	Neutral	Bullish
50 DMA, Nifty	8187, Below	Neutral	Bearish
200 DMA, Nifty	8389, Below	Neutral	Bearish
India Vix	20.88, 14.16%	Neutral	Bearish
Dollar/Rupee	66.14,0.44%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	2	3
Bearish Indications	10	11
Outlook	Bearish	Bearish
Observation	The Sand P 500 and the Nifty were down last week. Indicators are bearish. We are entering a weak period for risk assets globally and massive declines are likely in both indices in the upcoming months.
On the Horizon	RBI Policy, US Personal Consumption & Consumer Confidence, German & EU CPI, Canada GDP, US & China PMI Data, US & German Employment Data,
*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 resumed their downtrend last week. Signals are strongly bearish 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. 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 S and P 500 & Nifty for the Week beginning September 28 http://t.co/BI4Wavfkq4 pic.twitter.com/C4AfnkVATh

— samuelR (@RajveerRawlin) September 28, 2015