- The S&P500 index has bounced about 7% from the December low. It could bounce a little more, but probably not much: lots of resistance areas ahead, and we probably have not seen the bottom of this decline yet.
- Oil has fallen from the 2018 high around $76 to a low last seen in 2017. There has been a little bounce, but we may see a re-test of the low to shake out over-optimistic buyers before there is any decent short-term rally.
- GOLD has broken back above a long-term uptrend line but a short-term correction is possible. Watch to see if the price can move above $1285-90. If it can’t, a small retracement is likely.
Download the full preview here
Or click the pop-out arrow in the top left corner of the image to read on this page.