MBO Issue 52 (Apr 2016) Ready for Helicopter Money In The Right Markets
- Euro Messy 3 Pushes Up
- S&P500 Complex Top
- Gold In Consolidation Mode
- Big Picture Summary
Euro held the key support zone mentioned last time and forced a run higher backup to the weekly resistance zone. The crowded short trade on Euro has led to this outcome.
S&P500 on track to push back up to the mega channel top within the expected time window as explained in last issue. It is now sitting at another critical juncture.
Gold found resistance as projected last time.
Overall no surprises so far.
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