Market preview – week of Mar. 12, 2018


  • The S&P500 index could have a continuation move higher early in the week, but quadruple witching expiration on Friday is likely to put pressure on traders on both sides.
  • Oil remains within an intermediate-term falling wedge pattern. A true break below $60 or above $64 would end the pattern and initiate a new trend in the direction of the break-out.
  • GOLD is in a consolidation area, with the key support around $1305-$1300. We are watching for the price to pull back, then bounce a little but the consolidation is likely to continue until the next FOMC meeting Mar. 20.

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