Market preview – week of Nov. 2, 2020

Summary

  • The S&P500 index is expected to hold above 3165 as we wait for the results of the US election. There may be a brief short-term relief bounce but for the longer term the index could go lower into the end of year.
  • Oil is expected to continue going down after a possible attempt to bounce early in the week.
  • GOLD is expected to hold above the $1850 key line waiting wait for the election result. After the results are known, gold is expected to move back up again.

Full weekly preview

Download link: (201102-weekly.pdf, 649KB)

 

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