Market preview – week of October 12, 2020

Summary

  • The S&P500 index is expected to go up first and retrace later this week. 3400 is the key line controlling a downside move and 3445 is the key line controlling an upside move. A move beyond either one is likely to become a break-out.
  • Oil is expected to stay inside the range from $43.50 to $36.50; sell the top and buy the bottom.
  • GOLD is expected to struggle to hold above the $1912.5 key line and then attempt to go higher.

Full weekly preview

Download link: (201012-weekly.pdf, 269KB)

 

Scroll down to see the full analysis.

Or click the pop-out arrow in the top left corner of the image to read it on this page.