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Market preview – week of Feb. 17, 2020

Summary Monday Feb. 17 is a holiday in the U.S. Regular markets are closed, Globex is open. The S&P500 index  is expected to make anew high around 3400 this week. Because this week is Major February option expiration week, we may see low volatility into Friday. Oil  is expected to hold above $50-$49.50 this week and challenge the overhead resistance line (neckline of double bottom pattern) on the way to a further bounce. GOLD  still is expected to hold above the $1550 level and continue … Continue reading