- The S&P500 index is expected to hold above the 2850 level, but if the bounce can’t get above 3150 a breakdown should be expected.
- Oil is expected to have new lows first before it bounces. The bounce will likely remain below the re-test of the broken support around $49.50.
- GOLD could whipsaw in both directions this week to trap both buyers and sellers. The direction of the next price move is uncertain. This week watch $1700 for a rally or $1635 for a decline.
Full weekly preview
Or click the pop-out arrow in the top left corner of the image to read it on this page.