- The S&P500 index is expected to have a continuation low movement first before it is likely to bounce later in the week. For the longer term the rising trend line at the 2980 area will be a key line. A break below it could push price down toward 2950 or lower toward 2938-06.
- Oil is expected to hold above $56.60 and go sideways this week.
- GOLD is expected to hold under $1540, absent external news affecting the price. On the downside, we expect the $1480 line to hold the price up.
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