Market preview – week of November 18, 2019

Summary The S&P500 index is expected to have a minor pullback this week. Watch the 3020-3000 zone, which controls any possible retest of the 2985 area. However the Index also could go up to the 3150-60 zone first if the support around 3102 holds up in the early part of the week. Oil  is expected to have an attempt to break out above the $58.50 line. If fails, there will likely be a retracement. The buyers will support the $55.50-$54.75 area. GOLD  is expected to … Continue reading

Market preview – week of November 11, 2019

Summary The S&P500 index is expected to go sideways for major option expiration week. Oil  is expected to stay above $53.75-$54 and stay under the $58 level this week again. GOLD  is expected to attempt holding up around $1460 line first. But overall, odds favor the downside. Any bounce should not last very long. Full weekly preview (free)   Or click the pop-out arrow in the top left corner of the image to read it on this page.   … Continue reading

Market preview – week of November 4, 2019

Summary The S&P500 index is expected to have a minor pullback move first and bounce later in the week. Oil  is expected to stay above $53.75 and under the $58 level again this week. GOLD  is expected to attempt making a breakout move around $1520. If it fails, the price could drop back near the $1485 area to test last week’s low. Full weekly preview (free)   Or click the pop-out arrow in the top left corner of the image to read it on this … Continue reading

Market preview – week of October 28, 2019

Summary The S&P500 index is expected to be quiet until the FOMC announcement on Wednesday. After the announcement, we may see a thrust and dump move. Oil is expected to stay above $54.75 level and stay under $58 level this week. GOLD is expected to hold above $1485 level for the end of October. Full weekly preview (free)   Or click the pop-out arrow in the top left corner of the image to read it on this page.   … Continue reading