MBO Issue 96 (Dec 2019) Let the Chaos Begin
By Lawrence
Content
- Review
- Euro Not Ready To Move Yet
- S&P Moment of Truth
- Gold Pullback Window Almost Over
- Big Picture Summary
Review
Euro is stuck as expected thanks to Brexit and other mess they are dealing with.
S&P managed to hold well above the key price level and forced a squeeze higher. Even the news shock mid-month could not take it down below the original trend line resistance which is now support until proven otherwise.
Gold consolidation continues.
Nothing important happened last month. Entering the holiday season with all these important decisions lined up, maybe we can finally get some fireworks.
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