This week-end is a holiday in Canada, where I live, so I'm taking a well deserved holiday.
I will enter a shortened post on Monday May 20th.
Nothing has changed in my forecast.
A brief post on May
20, 2019.
SP500
Short term the SP500 appears ready to move lower. I was
looking for a low May 17 to May 21 +- 3 tds.
It may find support around 2,813 at the 78.6 Fib
retracement. A move through support would mark the move down I have been
waiting for.
It may find resistance around 2,954. This may mark the high
for some time.
Following is a daily chart for the SP500.
Gold
Gold may get support around 1273 although Gold does not look
good going forward.
Crude
Generally moving sideways and OPEC is going to hold at
current production levels.
Please come back soon! I am lost without your weekly posts.
ReplyDeleteHi sir. S&P500 like you said that it would be a low around May 21st,2019 right?
ReplyDeleteI have entered a brief post. I'm looking at May 21st for the SP500.
ReplyDeleteWhat u m mean sir? S&p is moving up?
ReplyDeleteWatch the SP500 closely. It may be going up.
ReplyDeleteHi sir. S&p500 is moving down. Like a low around May 21?
DeleteHow about oil sir?
ReplyDeleteHi sir. S&P500 looks like to have a low?
ReplyDeleteus needs to raise the interst rates and flip the yield curve!
ReplyDeleteRaising interest rates with all this debt causes other problems.
DeleteSir.?where are u now?
ReplyDeleteI'm am analyzing what is going on so I can have a meaningful post this weekend.
ReplyDeleteThanks for your hard working. Many traders are under pressure because of going long orders
Delete