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Be Cautious, Be  Deliberate: Monday's Market Forecast

Posted by TopstepTrader on November 20, 2017

Trade kicked off this morning for Thanksgiving week - with markets in directionless move. It's likely that volume will continue to be low this week, which may impact how much markets move. All this week, we'd recommend being extra cautious and deliberate with trading. 

For today, the Euro ($6EZ7) is under pressure, down 0.3%. Along with that general U.S. Dollar strength, Gold ($GCZ7) is down more than $8 to $1,288. Crude Oil ($CLF8) has also experienced some declines, falling $0.50 to $56.22 this morning.  

On the equity front, the Emini S&P 500 ($ESZ7) is 3 points higher to 2580. The Nasdaq ($NQZ7), which has been leading prices in equities all year, is higher by 15 points, recovering some of Friday's losses. 

Here's Senior Performance Coach John Hoagland's outlook for the day and levels he'll be watching. 

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