MBO Issue 104 (Aug 2020) Cash is Trash, Really?

By Lawrence



Content

  • Review
  • Euro Quick Breakout to Target
  • S&P Andrew Pitchfork Formation in the Making
  • Gold Tagged Multi-Year Upside Target
  • Big Picture Summary

Review

Euro breakout above its 2019 year high finally. After successfully tagging 2018 year mid, it is now taking a pause.

S&P held support above year 2018 congestion zone and pushed higher into NFP week to finally closing the open gap that started the steep correction back in March.

Gold breakout to the upside to produce a new all time high. Suddenly all gold bugs came out and telling people gold is going to $10,000 soon.

Volatility finally picked up last month. It will be an interesting time to see how the rest of the year will pan out.

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