MBO Issue 55 (Jul 2016) Embrace the Beginning of EU Dissolution
- Euro More of the Same
- S&P 500 Triangle Setup Intact
- Gold on Track to Test Its First Important Resistance
- Big Picture Summary
Euro 1.14 confirmed swing top with up channel support broken as expected.
S&P 500 expanding triangle develops just like I projected. No surprises there too.
No melt down move in GLD as 115 support proven too much for the bears. Weekly close above 120 confirmed continuation higher in play.
Overall quiet summer trading with spike volatility caused by Brexit but then everything resume their courses.
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