MBO Issue 93 (Sep 2019) Trump and Chaos
- Euro Parabolic Sell
- S&P Bearish No Matter What
- Gold Reached First Target Zone on Weekly
- Big Picture Summary
Euro fell through the crack as expected. Down channel still in force.
S&P sell off from 2940 multiple times magically. It worked twice in a row with more than 100 points profit. The third time no longer able to send S&P lower thanks to Trump coming up with a last minute deal to hold trade talk in October.
Gold pushed higher as expected.
In short, although we got a wild ride in the stock market, August was still a predictable month.
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