- The S&P500 index is expected to have some short-term oversold bounce. But as long as index stays under 2700, the trend is down, and more selling should be expected after a good bounce.
- Oil is expected to hold above $18.00-$16.50 this week.
- GOLD is expected to stay under $1650.00 if there is a bounce early in the week and then form a daily bearish H&S pattern.
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