Market preview – week of September 9, 2019

Summary

  • The S&P500 index is expected to have a minor pullback to test support first and then bounce later this week.
  • Oil is expected to continue within the current narrow range first; eventually a breakout move will occur, but the timing and direction are mainly determined by extrinsic events.
  • GOLD is expected to hold above the $1485 zone. But the short-term trend is changing and any early bounce may not last very long.

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