Will Reversal Continue?

If the recovery that started across US stocks, precious metals, EUR/USD last Friday continues on Monday then uptrend may be visible until Tuesday or Wednesday. Market will again drop after FOMC.

S&P500 has support at 3820-3800. Gold (Dec) has support at 1650 while Silver (Dec) has support at 18.70. Crude has support at 84.00. US 30 Y T-Bond has support at 130.00.

Indian Market: Nifty has support at 17500.

For any reason if recovery doesn’t continue on Monday and market starts trading downward then after the 29th September, market would be headed higher.

Follow the support levels mentioned above.