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 struggling to mave back near $1610-$1620.
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