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The Week Ahead - US Reporting Season, S&P500 Indecision Plus Gold & Oil in Focus

From acysecurities.com

The US major stock indices of the S&P500 and DJIA remain in focus as traders and analysts around the world watch to see whether this latest price action is shaping up as a V-shaped recovery or a dead cat bounce. This uncertainty kept price action on many trading instruments in range-bound chart patterns with numerous indecision-style weekly candles again being printed. The exception being Oil and Gold with both trading in risk-off mode due to ongoing concern about the economic impact of Covid-19. It is a busy week ahead with plenty of large-cap US stocks reporting earnings, three Central banks updating rates and, of ... (full story)

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  • Category: Technical Analysis