Wk14: Market Forecast

5 Apr

In the week ahead look for these news announcements to act as potential market movers
Pending Home Sales to kick start the week Monday followed by Jobless Claims on Thursday. Taking a look at the fibo 50% and 61.8% lines on the top line figures we see the NASDAQ and Russell are already well above their 61.8% line (indicating the likelihood of a full retracement). The S&P and Dow are approaching their 61.8% lines and it’s at these levels we can expect some hesitation.

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