MBO Issue 41 (May 2015) The Most Unstable Trading Environment Since 2008
- Euro Enters Monthly Level Consolidation
- S&P Signs of Weaknesses
- Gold Bearish Weekly Close
- Big Picture Summary
Euro tested 1.06 as expected and started a rally back up to tagging January low as if a script was followed. A jump to 1.12 happened at the end of the month completing the short term upside target.
S&P rushed back up to challenge the top made in March and exhausted there as projected. A shocker to many market participants but not the members here. S&P reacted with sharp selloff last week back down to the support zone.
Gold continues its sideway actions at the resistance zone as projected.
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