MBO Issue 65 (May 2017) Quiet Before the Storm

By Lawrence

MarketBiasObserver

Content

  • Review
  • Euro Bear Flag Continues
  • S&P Marching Higher
  • Gold Triangle in the Making
  • Big Picture Summary

 

Review

Euro managed to bounce off the support line after series of bullish events going into France’s presidential election. Not a surprise there since year low zone is strong support.

S&P managed to break above the bull flag resistance and started its march towards year high as expected.

Gold failed to clear the channel mid resistance and stalled from there.

Another quiet month without significant events changing the established trends in various markets.

 

(premium member only content below)

 


Part of our premium service, login now or upgrade your membership to view this report

  • You must be logged in to comment. Log in