MBO Issue 65 (May 2017) Quiet Before the Storm
- Euro Bear Flag Continues
- S&P Marching Higher
- Gold Triangle in the Making
- Big Picture Summary
Euro managed to bounce off the support line after series of bullish events going into France’s presidential election. Not a surprise there since year low zone is strong support.
S&P managed to break above the bull flag resistance and started its march towards year high as expected.
Gold failed to clear the channel mid resistance and stalled from there.
Another quiet month without significant events changing the established trends in various markets.
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