MBO Issue 67 (Jul 2017) Special Update

By Lawrence

MarketBiasObserver Special Update

July 20,2017 special update on stock market and gold. S&P has now entered the target zone for the year. It is time to review what to expect in coming weeks.


(premium member only content below)


 The rest of the article is available to our premium members only.
 Login or upgrade your membership to view this article now.


  • melvyn July 21, 2017 at 5:41 am

    LC possible to point us the time for short with SL…. greatly appreciate

    • Lawrence July 21, 2017 at 3:17 pm

      The time is yesterday with the conditions invalidating the setup in the post.

  • smilingsynic July 21, 2017 at 1:33 pm

    LC, I have 2500-2525 zone SPX cash as upside target. That election night low on the futures–back when the futures tanked when Trump’s victory looked imminent–would be a reasonable target. From 2520-2525 that low is about 20% down.

    Cannot play until after my divorce is settled.

    • Lawrence July 21, 2017 at 3:16 pm

      That is exactly the upside target of the red box in the chart.

      I expect 2 possible scenarios:

      1. we get there with a 3-5% correction first going into early August and then a reactionary new high in August getting up there => normal correction

      2. we get there straight up without the mild correction => market melt down potential

  • You must be logged in to comment. Log in