6 Monster Stock Market Predictions For The Week of March 30

Published 03/30/2020, 01:37 AM
Updated 11/16/2024, 07:53 AM
US500
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SPY
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AAPL
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AMZN
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NVDA
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MU
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TSLA
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S&P 500 (SPY)

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 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 likely means we are setting up retest the lows this week, and fill the giant gap around 2,230.

S&P 500 Index

{{0|Amazon (AMZN)

Amazon.com (NASDAQ: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 $2090.

Amazon Inc Chart

Apple (AAPL)

Apple (NASDAQ:AAPL) shares failed at resistance around $257 and could be heading lower towards $234.

Apple Inc Chart

{{0|Tesla (TSLA)

Tesla (NASDAQ: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.

Tesla Inc Chart

NVIDIA (NVDA)

NVIDIA (NASDAQ:NVDA) has failed at $262 on many occasions and is likely to fill a gap at lower prices around $218.

NVIDIA Chart

{{0|Micron (MU)

Micron (NASDAQ:MU) failed several times around $45.50 and is probably now heading lower again towards $35.50.

Micron Tech Inc Chart

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