Market preview – week of Apr. 22, 2019

Summary

  • The S&P500 index is expected to repeat last week’s range first and then choose the direction of the next movement. It could decline somewhat but it will not melt down like last December’s movement.
  • Oil is expected to pullback a little to resolve an ultra-short-term overbought condition then move back up to the high area again.
  • GOLD is expected to continuate staying under the $1298 line for a while until it finds a short-term bottom.

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