New Review. S&P500, Brent, Gold | 16 September 2016

S&P500

Monthly: From the upper Bollinger band, the index set itself into a downward dive. Now the two support lines are on its way - 2062.8 (middle Bollinger band) and 1928.3 (bottom band). ADX is weak, so from any one of them the index can bounce up.

Weekly: two intermediate support lines - 2115.5 and 2017.6 (middle and bottom Bollinger bands, respectively). ADX is going through correction, so the index cannot get under the last one. The missle Bollinger band is not a reliable level, because bullish movement has not broken the upper envelope.

Daily: a well-expressed bearish signal - breakthrough of the bottom envelope. ADX is weak, so the main scenario is a rollback to the middle band (2179.2), and then fall in the direction of 2017.6.

The main scenario - an upward rollback 2179.2 and then fall to 2017.6

The alternative scenario - a direct fall to 2017.6

Solutions: sell from 2179.2 to 2017.6

"Brent"

Monthly: flat around the middle Bollinger band (50.05). Well, it is the "right" psychological level. Anyway, ADX is falling, so there is no trend component on the market yet.

Weekly: horizontal range: 43.42 - 52.33 (Bollinger bands). Bands are getting more narrow, but weak ADX tells that market is not ready for distribution of volumes.

Daily: even a better shaped support 45.69 (bottom Bollinger band). ADX is weak and falling, so an upward bounce from 45.69 is expected

Expectations: drop to 45.69 followed by an upward bounce to 48.50 - 50.05. Upon that, we should account for the flat market (ie, the movement can be multidirectional, so if you want to settle rofit at current levels, don't be greedy and take what is "given".

Solutions:

1. Sell to 45.69

2. Buy from 45.69 to 48.50

Gold

Monthly: ADX is still in the trend active zone, therefore, the price still has the medium-term northern outlook. At the same time, the price is in the wrong place to search for the signal - it's the middle of the upper envelope and always can test the middle band (1206.90)

Weekly:  there is a sense that local bullish front is a bit exhausted. This can lead to a correction in the direction of the middle Bollinger band (1301.85) and even 1206.90 (which coincides with the threat of correction within a day)

Daily: locally gold is in a horizontal flat corridor within Bollinger envelopes (1306.56 - 1358.05). ADX is very weak and is going through correction, so we expect flat within this week

Expectations: trading inside the corridor 1306.56 - 1358.05

Solutions:

1. Sell to 1306.56

2. Buy from 1306.56