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MBO Issue 72 (Dec 2017) Bitcoin and STOPD

By Lawrence  

MarketBiasObserver

Content

  • Review
  • Euro Weekly Consolidation Still in Effect
  • S&P Multi Year Upside Target Reached
  • Gold Still Stuck in Range
  • Big Picture Summary

 

Review

Euro could not stay below 1.17 so no head and shoulder play after all.

S&P cleared the 2600 round number level and tagged my upside target of 2660. Pretty good.

Gold consolidation play still in effect and has now moved lower towards the former resistance line as support. Very much as expected.

Quiet month with no excitement after all thanks to the geopolitical threats failed to convert into shocks in the financial markets.

 

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