- The S&P500 index has to repeat last Friday’s move first before it can make a substantial retracement. But a large consolidation range is expected to set up. The volatility could go relatively low into quadruple witching expiration day this week.
- Oil is expected to hold above last week’s low at $27.31 and continue to build support above it.
- GOLD is expected to stay under $1600 level until Friday.
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