7 Monster Stock Market Predictions For The Week Of Sept. 28
The upcoming week will be a big one for stocks as it is loaded with economic data that is likely to move markets. The S&P 500 finds itself 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 would head to 3,150.
Gold (GLD)
I happen to think that gold will suffer, likely falling to $1,790.
Netflix (NFLX)
Netflix appears to be in a megaphone pattern, and that likely means it will fall to the lower end of that pattern to around $450.
Micron (MU)
Micron will report results this upcoming week, and some bearish bets in the options market indicate the stock may fall to around $45.50.
Nvidia (NVDA)
Nvidia has been flirting with breaking the uptrend for the last couple of weeks. If the market breaks this week, so will Nvidia, potentially falling to about $460.
Apple (AAPL)
Apple is facing stiff resistance at a downtrend, too. Perhaps this is the week it will finally break and fall to $96.
AT&T (T)
AT&T has been falling apart, with its next stop likely at $27.30.
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