MBO Issue 56 (Aug 2016) Summer Games and Sideway Markets
- Euro Bear Market Actions Continue
- S&P Outside Year Established
- Gold Yearly Range Expansion Play
- Big Picture Summary
Euro fought hard at the 1.105 level mentioned last month. Multiple attempts to break it led to a squeeze back up yet unable to push higher beyond the crime scene of Brexit breakdown.
S&P rushed higher as projected last month while sentiment out there mostly bearish.
Gold pushed towards the resistance zone as explained last month.
Everything happening as expected with little to no surprise.
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