Editor's PickPolitics7 Monster Stock Market Predictions For This Week

2 years ago389 min
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It will be a big week for stocks, with a lot of economic data that is likely to move markets. The S&P 500 finds itself in at a make or break moment as it nears a level of technical resistance at the upper end of its trading channel. If the S&P 500 futures can’t clear and hold above 3,312, it seems likely we head to 3,150.

S&P 500 E-Mini Futures Daily Chart

S&P 500 E-Mini Futures Daily Chart

Gold

I also happen to think that gold will suffer as well, likely falling to $1,790.

Gold Daily Chart

Gold Daily Chart

Netflix

Netflix (NASDAQ:NFLX) appears to be in a megaphone pattern, and that likely means it falls to the lower end of that pattern this week to around $450.

Netflix Inc 1 Hr Chart

Netflix Inc 1 Hr Chart

Micron Technology

Micron Technology (NASDAQ:MU) will report results this week, and some bearish bets in the options market, indicate the stock falls to around $45.50.

Micron 1 Hr Chart

Micron 1 Hr Chart

NVIDIA

NVIDIA (NASDAQ:NVDA) has been flirting with breaking the uptrend for a couple of weeks, and if the market breaks this week, so will NVIDIA, potentially falling to about $460.

NVIDIA 1 Hr Chart

NVIDIA 1 Hr Chart

Apple

Apple (NASDAQ:AAPL) is facing stiff resistance at a downtrend too. Perhaps this is the week it finally breaks and falls to $96.

Apple Inc Daily Chart

Apple Inc Daily Chart

AT&T

AT&T (NYSE:T) has been falling apart, with its next stop likely at $27.30.

AT&T Inc Hourly Chart

AT&T Inc Hourly Chart

Original Post

7 Monster Stock Market Predictions For This Week

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