Weekly preview

Market preview – week of September 28, 2020

Summary The S&P500 index  is expected to go up first and pull back later this week. 3325 is a control key for any upside move and 3235 is a key to control any downside move. Oil  is expected to have a sideways movement around the 50-200-dEMA lines first and later in the week chop around to shake out the weak hands. Swings in both directions are possible. GOLD  is expected to hold the price above the key line at $1850. But the overhead resistance line … Continue reading

Market preview – week of September 21, 2020

Summary The S&P500 index  is expected to hold the price under 3385; if it breaks below the support around the 50-dEMA line, expect the price to go lower. Oil  is expected to have a sideways movement around the channel marked by the 50-and 200-dEMA lines. GOLD  could easily move in either or both directions as the market continues to move back-and-forth within a consolidation zone. The effect is to shake out the “weak hands” — i.e. smaller traders — before the next trend develops. Full … Continue reading

Market preview – week of September 14, 2020

Summary The S&P500 index  is expected to hold above the 3300 line before the Fed policy announcement on Wednesday. After that, quadruple witch day Friday could lead to big swings in the index. Oil  is expected to hold under $40.52 line for further downside move. GOLD  price could go in both/either direction based on the Fed policy statement Wednesday. Full weekly preview   Scroll down to see full analysis. Or click the pop-out arrow in the top left corner of the image to read it … Continue reading

Market preview – week of September 7, 2020

Summary U.S. markets are closed Monday, open Tuesday. The S&P500 index  is expected to hold price under 3500 to search for an ultra-short-term bottom around 3300-3285 this week. Oil  is expected to hold under $42.52 to enable a further downside move. GOLD  is expected to hold above $1900. Full weekly preview   Scroll down to see full analysis. Or click the pop-out arrow in the top left corner of the image to read it on this page.   … Continue reading