Market preview – week of May 13, 2019

Summary

  • The S&P500 index is expected to remain inside the 2900 to 2850 range for this week due to major traditional monthly option expiration. But a breakout of either the top or bottom of that range could lead the price to go up to 2930 or down to 2820.
  • Oil is expected to make a breakout move.
  • GOLD is expected to remain inside a sideway range, but any external news may produce a fake breakout move.

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