MBO Issue 67 (Jul 2017) What About German Election
- Euro Short Cleansing in Progress
- S&P Has One More Push to Go
- Gold Bulls are Cornered
- Big Picture Summary
Euro moved higher as expected. Not even riots and economic mess there can stop the run.
S&P stopped at resistance mentioned last week and produced the first significant pullback over the past 3 months. No surprises there either.
Gold failed to clear the year high making a double top formation that is not confirmed yet on weekly basis.
Last month was very typical quiet summer trading with minor news shocks.
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