MBO Issue 63 (Mar 2017) More New Taxes

By Lawrence

MarketBiasObserver

Content

  • Review
  • Euro Short Term Bottom vs. Election Surprises
  • S&P First Yearly Upside Target Reached
  • Gold Weekly Pullback in Progress
  • Big Picture Summary

 

 

Review

Euro daily bear flag led to pull back down to year 2016 close and fighting in tight range since.

S&P tagged my estimated lower boundary for year top at 2400 and stalled.

Gold tagged upside target and reacted to resistance zone on first touch.

Overall we have an orderly market environment in February as there was no surprise whatsoever.

 

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