MBO Issue 45 (Sep 2015) High Volatility Season Has Arrived
- Euro False Break Out
- S&P Down Trend In The Making
- Gold At Short Term Resistance
- Big Picture Summary
Euro launched itself higher to 1.17 on a huge stop run but it could not stay there and fell back down to 1.12 immediately. Euro has been trading in tight range since.
S&P500 failed to push itself higher from the support zone. Event shock from China led to the pullback everyone talking about. S&P dropped to long term support and bounced.
Gold surged higher after testing previous month low and found support. After testing the long term down trend resistance, gold went into consolidation.
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