Market overview and forecast – May 2017. Trading opportunities and comments
Hi guys! I this video I share my opinion on upcoming trading month. I expect a lot of volatility in markets due to seasonal reasons and of course second round of French elections.
First of all pay your attention to S&P 500. I think nearest few sessions market will stay flat or drift down, but I am not a seller. I wait for buying signal and think pullbacks is a nice buying opportunity.
Gold is almost opposite – I think we will see short move up. But main trend for May will be down. So, I will look to selling signals.
Dollar index is another great market to watch. I expect it will start rally in a few sessions. So, look for buying signals.