Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning June 27

http://rajveersmarketviews.blogspot.com/2016/06/stock-market-signals-june-27.html

The US market the Nifty fell last week. Signals are bearish for the upcoming week. The markets are breaking down after failing at resistance several times. The Vix, Transports and the Yen are flashing crash alerts. The India Vix is much lower than the US Vix suggesting complacency. There could be a catch up to the downside in the Indian Market soon. The critical levels to watch are 2050 (up) and 2025 (down) on the S & P and 8150 (up) and 8000 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. You can check out last week’s report for a comparison. You can also check out support and resistance levels of the S and P 500 and Nifty Indices. Love your thoughts and feedback.

Originally published on Blogger