Apr 5

Weekend Outlook for 6th of April 2015

So here is my current view:

1. SPX could see acceleration to downside , however we need to break below 2035-2040 for confirmation of breakdown and then we could quickly see below 2000 also.

This could confirm a possible bull market top is in and a bear market has started, so watch coming weeks into mid April , this will show us if we are in new bear market.

2. Gold should see a rally too and move toward 1250 at least and likely into 1250-1300 area.

3. Euro is ready to rally to 1.12-1.15 and this will help gold up.

4. Oil likely to pullback first before going higher imo

 

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