S&P 500 has broken the 200 DMA on closing basis.Last time it broke the 200 DMA when USA was downgraded by Fitch and S&P had an 15% fall in matter of 2 weeks. Keep a Close eye
FTSE is near its Crucial support levels of 5260,Break of same on closing basis will lead a swift fall till 5160 and 5075 odd levels.
Hangseng is the Index which is followed closely in Asian markets, formed a Shooting Star Candlestick on Friday ,Break of 18480 on Weekly closing basis can lead the index swiftly to 17500 levels. On Upside Above 18500 we can see 19200 odd levels.
Shangai Index was an outperformed last week and its near the long term resistance of 200 DMA <Break of 2400 can lead the Index back to 2450 and failure to do the same to lower level of trendline at 2340
Breant Crude for the first time in 6 months has broken below 100$ mark,Extremly oversold with a water fall decline as global economy is slowing down and European Union in deep trouble leading to demand destruction.
OPEC has its meeting in June and any hint of bringing down the Output of Crude can lead a swift recovery till 113 dollars which is 200 DMA.