S&P500
Monthly chart: index approaches new local high on week upper Bollinger band (2384.5). ADX is edging. That can indicate either preparation for new strong mid-term upward shot or reversal preparation. Trend scenario has an obvious advantage over reversal one.
Weekly chart: here we see resistance level at 2384.5. However, it's worth mentioning that both indicators (RSI/ADX) are at their extremes, so we may expect correction.
Daily chart: here we have similar situation: rise along with trending ADX but against heavily overbought chart.
Expectations: breakout of 2384.5 followed by possible downside correction. However, we may also expect impulsive shot higher to the upside. That will make entry points search for selling difficult.
Solutions:
1. Consider buying to 2384.5
2. Consider selling from 2384.5 (only if there will be strong local signals at 2384.5)
Brent
Monthly chart: flat around middle Bollinger band (49.21) continues within broad range of 33.46-64.71 (Bollinger envelopes)
Weekly chart: here we have slightly chopped but rising structure within upper Bollinger envelope range (53.25-60.49)
Daily chart: here we have stable Bollinger envelopes inside flat corridor of 55.00-57.05. That'll be enough for the price to remain here this week.
Expectations: flat continuation in corridor of 55.00-57.05
Solutions: trading within 55.00-57.05
Gold
Monthly chart: bulls have forced the price to upper Bollinger envelope quite aggressively and keep pushing it towards upper Bollinger band (1364.11). However, ADX is corrective, so we have no reasons to expect direct shot, the market is rather flat.
Weekly chart: there is strong local bullish pressure but also a very strong resistance level around 1314.43 (upper Bollinger band), from there the price is likely to significantly bounce down.
Daily chart: here the price rises against the background of active ADX. We expect breakout of 1314.43!
Expectations: gold quotes increase towards 1314.43.
Solutions:
1. Consider buying to 1314.43
2. Consider selling from 1314.43