Market Signals for the US S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning October 12

Indicator	Weekly Level / Change / Significance	Implication for S & P 500	Implication for Nifty*
S & P 500	2015, 3.26%	Bullish	Bullish
Nifty	8190, 3.05%	Neutral**	Bullish
China Shanghai Index	3183, 4.27%	Bullish	Bullish
Gold	1156, 1.58%	Bullish	Bullish
WTIC Crude	49.50, 8.39%	Bullish	Bullish
Copper	2.42, 3.18%	Bullish	Bullish
Baltic Dry Index	809, -9.00%	Bearish	Bearish
Euro	1.1358, 1.32%	Bullish	Bullish
Dollar/Yen	120.22, 0.27%	Neutral	Neutral
Dow Transports	8253, 4.82%	Bullish	Bullish
US 10 year Bond Yield	2.10%, 5.53%	Bearish	Bearish
Nyse Summation Index	-75, 83.42%	Bullish	Neutral
US Vix	17.08, -18.43%	Bullish	Bullish
20 DMA, S and P 500	1957, Above	Bullish	Neutral
50 DMA, S and P 500	1993, Above	Bullish	Neutral
200 DMA, S and P 500	2062, Below	Bearish	Neutral
20 DMA, Nifty	7940, Above	Neutral	Bullish
50 DMA, Nifty	8097, Above	Neutral	Bullish
200 DMA, Nifty	8378, Below	Neutral	Bearish
India Vix	18.92, -1.61%	Neutral	Bullish
Dollar/Rupee	64.71,-0.78%	Neutral	Bullish
Overall	S & P 500	Nifty
Bullish Indications	11	13
Bearish Indications	3	3
Outlook	Bullish	Bullish
Observation	The Sand P 500 and the Nifty were up last week. Indicators are bullish. The Vix is back in complacency mode. We are entering a weak period for risk assets globally and declines are likely in both indices in the upcoming months following this bounce.
On the Horizon	China loan data, China, US, UK and New Zealand CPI, US Fed Beige Book, Australia employment data, Euro zone ZEW sentiment survey, US retail sales and consumer confidence.
*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 rallied last week. Signals are bullish for the upcoming week and this bounce is on the verge of completion. The S and P 500 and several global indices are completing massive bear flags which should resolve to the downside. The markets are expected to encounter resistance at higher levels on any bounces, with the 2020-2030 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 months. 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/n4W3XEtnOT pic.twitter.com/24leSBhKTq

— samuelR (@RajveerRawlin) October 11, 2015