Wk19: Market Forecast

9 May

At this point Sunday evening 6:00PM CST the markets are up 19 S&P points and 150 Dow points. Where we open on Monday morning will be everything. We have been forming a large triangle pattern on the hourly chart and have two major price points on the S&P. If we open up around 1030, a large gap up, investors may see this as a great buying opportunity, however if we gap down and open around 1095, investors may see this as a sign to dump more securities sending the markets lower. News announcements for the week can be found here. Stay tuned for updates throughout the week.

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