MBO Issue 47 (Nov 2015) The Almighty US Dollar

By Lawrence

MarketBiasObserver

Content

  • Review
  • Euro Retest of Year Low in Play and Potential Downside Targets
  • S&P Fight at Previous Year High
  • Gold in Weekly Bear Flag
  • Big Picture Summary

 

Review

Euro challenged channel mid and stalled from there. This gave us the target of channel bottom. Euro eventually got there and broke below.

S&P formed a bottom as expected and took off. Breadth models correctly tell us S&P was likely to go higher.

Gold bear flag scenario materialized. Up drift to resistance and stalled.

 

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