MBO Issue 89 (May 2019) First Tradable Pullback
- Euro is Acting Like the Stock Price of a Company Heading Towards Bankruptcy
- S&P First Reaction is Now Due
- Gold Monthly Compression
- Big Picture Summary
Euro holding up in the middle of nowhere while the long term down trend stays intact. Nothing changed there.
S&P drastic swings on intraday basis as expected due to the narrowing of the rising wedge.
Gold hanging onto its long term support while waiting for the next news shock to emerge.
Overall a quiet month with nothing exciting enough to swing the markets.
But this will change now.
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