The market is coming through the level we've been monitoring, the September 2015 FOMC pivot high. Last week, market did a minor pullback after five consecutive up days and then it resumed it's upward move toward weekly OpEx. Next week, FOMC will hold its March meeting and the anticipation is there will not be another rate hike in March. As the meeting approaches, the market could experience an increase in volatility. Therefore, one should remain cautious and do not attempt to trade in front of the FED as anything can happen. Always expect the unexpected.
In this video, a review of the price action and some potential price levels to watch for the coming week for the market, oil, gold, and these MOMO stocks: AAPL, FB, NFLX, TWTR, AMZN, GOOGL and TSLA, along with a quick review of the DJT & VXX.
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