MBO Issue 51 (March 2016) Embrace the Grey Swan
- Euro Weekly Down Trend Resumed
- S&P500 Surprises Everyone With a Bounce That is Way Too Strong
- Gold Tagged First Upside Target
- Big Picture Summary
Euro popped higher as projected in a short squeeze fashion cleaning out the weak shorts. Since then Euro collapsed straight back down to where the rally started.
S&P pushed back up to near 2000 as expected despite the fact that so many gurus calling for S&P to collapse much lower quickly.
Gold cleared the resistance zone and rallied higher tagging the targets mentioned in last issue.
Everything happened as expected. Very nice month for those who pay attention to what the markets are telling us.
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