Weekly preview

Market preview – week of Sept. 17, 2018

Summary The S&P500 index has a quadruple-witch expiration this week. Any early minor pullback will attract buyers and new highs are expected this week. Oil could go in either direction, depending on which direction it breaks out first. $68 is a key line. If it fails to hold the price up, oil could move down toward the $64-$63.50 area. GOLD is expected to hold above the $1190 level and continue the process of longs accumulating positions and price consolidating. Download the full preview here Or … Continue reading

Market preview – week of Sept. 10, 2018

Summary The S&P500 index is expected to have a minor bounce due to ultra-short-term oversold condition. But the overall outlook is not encouraging. The accumulating negative divergence in the short term may continue to force a pullback move. Oil is expected to move sideways below the $69.50 line to smooth out a short-term oversold condition, and later may resume the downside move. GOLD is expected to hold up the $1190-$1180 support zone this week. Download the full preview here Or click the pop-out arrow in … Continue reading

Market preview – week of Sept. 3, 2018

Summary The S&P500 index is expected to have a minor pullback this week, the volatility should remain high, and price still could have a big swing, but we will continue seeing buyers enter on the dips. Oil is expected to hold up above $68.45 line as part of s move to a higher level, but $75 remains a resistance area. GOLD is expected to retest last month’s low area, but aggressive buyers could have established a higher low. Download the full preview here Or click … Continue reading

Market preview – week of Aug. 27, 2018

Summary The S&P500 index is expected to have a monthly adjustment move this week, the volatility expected to be high, and price could have a big swing move. Oil is expected to hold up above $67.45 line. GOLD is expected to have a continuation oversold bounce. A short-covering could help to hold price up if there is an early dip move. Download the full preview here Or click the pop-out arrow in the top left corner of the image to read on this page.   … Continue reading