Market preview – week of May 11, 2020

Summary

  • The S&P500 index  is expected to hold above the  20/50-dEMA line and attempt to break through the 200-dEMA line.
  • Oil  is expected to pullback a little early in the week and then continue to move up toward the $29.50 area
  • GOLD  is expected to break its triangle pattern.  The support around the 50-dEMA line at the $1660 level could be retested again.

Full weekly preview

Download link: (200511-weekly.pdf, 1.26MB)

 

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