Market preview – week of June 8, 2020

Summary

  • The S&P500 index  is expected to hold above 3000 this week.  The FOMC announcement could lead the index to make a minor retracement but it will not change short-term uptrend direction
  • Oil  is expected to hold above $30 and challenge the upside targets at $42.50 and  $45.
  • GOLD  is expected to have a breakdown move before the FOMC announcement, and bounce after the announcement.

Full weekly preview

Download link: (200608-weekly.pdf, 1.27MB)

 

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