MBO Issue 36 (Dec 2014) There Is A First Time For Everything
- Euro Facing 2012 December All Over Again
- S&P May We Live In Interesting Time
- Gold Potential Spring In The Making
- Big Picture Summary
Euro struggled to form a bottom spending all month fighting to hold the 1.24-1.26 zone.
My bullish view of another week pushing higher materialized and helped S&P cleared the long term lower resistance zone. Since then S&P drifted higher towards its high resistance zone as of month end.
Gold broke lower and currently in the process of testing the original support zone (now strong resistance) from below.
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