Weekly preview

Market preview – week of June 26, 2017

Summary The S&P500 index is expected to go sideways and slowly move down first, but in the later days price should bounce from low made early  in the week. Churning price on the sideways move should be expected. Oil has an extremely oversold condition. A brief bounce in the early days of the week and dropping back down in last day is possible. GOLD is expected to pullback into $1250-45 zone first, but that depends on $1245 area (make it or break it) to determine if … Continue reading

Market preview – week of June 19, 2017

Summary The S&P500 index is expected to continue slowly moving to the downside this week, but every dip will be pushed back up — at least in part — at the end of the day. Oil is expected to hold up the $43.75 line and have a minor oversold bounce. The $49 line is expected to hold oil price down. GOLD is expected to make a breakdown through the $1250 line move this week. But the neckline of the M pattern around the $1225 area … Continue reading

Market preview – week of June 12, 2017

Summary The S&P500 index is expected to move in both directions this week, depending on which way it goes first on Monday. Because of the June option expiration, the index could set up a range 2455 to 2395 and whipsaw within it. Oil is expected to hold up the $43.75 line and have an oversold bounce. GOLD is expected to make a low move first, but it could either go further down or bounce, depending on whether the $1250 line holds up or not. Download … Continue reading

Weekly Preview – week of June 5, 2017

Summary The S&P500 index is expected to hold above 2400 level this week and to make new highs. Oil is expected to have a breakdown move if US dollar has a strong bounce. GOLD is expected to make a high move first before it has a minor pullback after it approaches the April high area. Download Or click the pop-out arrow in the top left corner to read on this page. … Continue reading