6 Monster Stock Market Predictions For The Week Of March 30
It is likely to be another hectic and volatile week for stocks. The implied volatility levels over the next seven days are around 70.9%, and that means the S&P 500 SPY ETF could rise or fall by approximately 9.8%, placing the ETF in a trading range between $228.55 to $278.30.
The S&P 500 stalled out several times around 2,600 this past week, and I think it likely means we are setting up retest the lows this week, and fill the giant gap around 2,230.
Amazon
Amazon (AMZN) shares may hold steady this week. The stock appears to have formed a symmetrical triangle and be a sign that the stock refills a gap around at $2090.
Apple
Apple (AAPL) shares failed at resistance around $257 and could be heading lower towards $234.
Tesla
Tesla (TSLA) appears to have formed a bullish flag pattern and may finally be heading up to $600. The company should report its first quarter delivery numbers by April 3.
Nvidia
Nvidia (NVDA) has failed at $262 on many occasions and is likely to fill a gap at lower prices around $218.
Micron
MU failed several times around $45.50 and is probably now heading lower again towards $35.50.
Disclaimer: This article is my opinion and expresses my views. Those views can change at a moment's notice when the market changes. I am not right all the time and I do not expect to be. I ...
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