Market preview – week of June 19, 2017

Summary

  • The S&P500 index is expected to continue slowly moving to the downside this week, but every dip will be pushed back up — at least in part — at the end of the day.
  • Oil is expected to hold up the $43.75 line and have a minor oversold bounce. The $49 line is expected to hold oil price down.
  • GOLD is expected to make a breakdown through the $1250 line move this week. But the neckline of the M pattern around the $1225 area could prevent GOLD from falling.

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Download link: (170619-weekly.pdf, 624KB)

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