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MBO Issue 69 (Sep 2017) Chaos in the Making

By Lawrence  

MarketBiasObserver

Content

  • Review
  • Euro Enters Its Showdown Time
  • S&P Breadth Correction Mode
  • Gold Ready to Move
  • Big Picture Summary

 

Review

Without surprise, Euro reacted to the resistance zone and still drift up to the all important 1.20 area.

S&P500 sold off from the resistance zone and tagged the minimal downside target. Not as much as I hope for but it is expected due to the massive number of shorts being trapped in the past few months.

Gold has finally broken its resistance thanks to multiple crisis looming. The nice pop is expected thanks to the void zone created by the opposite forces between the two channels.

Now that summer is over, we are getting ready for real actions this month.

 

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