Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning July 11

http://rajveersmarketviews.blogspot.com/2016/07/stock-market-signals-july-11.html

The Sand P 500 rallied and the Nifty was unchanged last week. Signals are bullish for the upcoming week. The Vix is suggesting complacency. The Yen, gold and treasuries are indicating a flight to safety. The markets are back at resistance and are likely to continue major breakdowns in 2016 after this rally concludes. The critical levels to watch are 2140 (up) and 2120 (down) on the S & P and 8400 (up) and 8250 (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