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MBO Issue 67 (Jul 2017) What About German Election

By Lawrence  

MarketBiasObserver

Content

  • Review
  • Euro Short Cleansing in Progress
  • S&P Has One More Push to Go
  • Gold Bulls are Cornered
  • Big Picture Summary

 

Review

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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