Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, OIH XME, GLD
Last weekend, I said, “Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on Friday, [...]
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