Market preview – week of August 19, 2019


  • The S&P500 index is expected to have a whipsaw move
  • Oil is expected to roll into the Octber contract (CLV19) and repeat the selling at last week’s high area
  • GOLD is expected to hold above $1480-70.

This week we have the FOMC minutes on Wednesday and Jackson Hole symposium on Friday with the Fed Chairman speaking at 10am. These external events could cause the stock market to take out everybody’s stops in a big whipsaw move.

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