Market Preview – week of May 22, 2015

Summary

  • The S&P500 index is expected to pullback this week to retest prior week’s low area. But buying on the dips will continue.
  • Oil is at a critical level. Price could drop from the $54-$53 zone and starts to move back down if the US dollar continues to strengthen.
  • GOLD is expected to remain inside intermediate-term triangle formation. The $1210 level is expected to hold up even if there is any big drop.

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Download link: (170522-weekly.pdf, 680KB)