MBO Issue 48 (Dec 2015) Seasonal Play In Full Force
- Euro Turbulent Down Trend
- S&P Weekly Consolidation
- Gold Hanging On
- Big Picture Summary
As of Dec 3rd, Euro tagged 1.05 minimal target mentioned last month and took off due to ECB’s actions and comments. The breakdown play worked out perfectly.
S&P pullback from previous year high happened like clockwork and gave us a swing low in 2nd week of November as expected. Beautiful reversal from there too after short term breadth correction completed.
Gold continues its downward path as explained last month. No signs of reversal yet.
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