Market update for next week?

S&P 500 daily:Market sold for most of the week but it bounced back on Friday, again in No Man's land. I will give it another day or 2 to resolve its direction. S&P 500 is very close to cluster support and 50 DMA, break of this support is bearish for the market in near term. Below is an S&P 500 chart displaying possible market path. With that in mind, I am publishing few charts which can be played in either direction. I think there is 60 %  probability that we are heading lower near term. We will know in couple of days.

TTM daily:Tata motors is just below 50 DMA, decisive break of 50 DMA (26.20) and the trend line is bullish. There is slight resistance around 27, conservative investors can wait for the break of resistance around 27. MACD has turned up; volume for the last 7-8 days is favorable. RSI can support higher prices.

KLIC daily: Look like this one is headed lower. There is an open gap at 7.25 to 7.99; it might want to fill that gap.

GES daily: If it breaks upper trend line resistance, it is bullish, break of lower support and it is bearish.

MHK Daily: It has formed a triangle, it should break soon, break can be in any direction, I think it will break upside, we will know soon.

We are still holding a short on Google, Apple (AAPL) bounced back from 50 DMA; if it turns around and break 50 DMA decisively it will provide a good short entry. No chart for apple (if you need to see the chart, please e-mail me and I will be happy to add to the blog or e-mail you the chart). I also see bullish pattern being developed in CNX (again no chart, if you need it I can e-mail or add to the blog).