Market preview – week of Nov. 16, 2020

Summary

  • The S&P500 index is expected to hold above the 3500 line if we see an early retracement this week. The November major option expires on Friday, which will affect trading.
  • Oil is expected to hold above the support at $37; on the upside, the market will continue to challenge the overhead resistance around $43.00-42.50.
  • GOLD is expected to hold above the support around the $1845 area.

Full weekly preview

Download link: (201116-weekly2.pdf, 651KB)

 

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