Market preview – week of Feb. 3, 2020

Summary

  • The S&P500 index  has a doji (evening star) candle pattern on the monthly chart, which suggests both a short-term and an intermediate-term correction ahead. The SP500 is due to pull back. This week the index could go down first and bounce later.
  • Oil is near its major support zone $50-$49.50. The price could bounce first and then drop again later.
  • GOLD  is expected to hold above $1565 for a move higher near the $1610-$1620  leve

Full weekly preview (free)

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