MBO Issue 105 (Sep 2020) Stocks Only Go Up Until They Don’t

By Lawrence



Content

  • Review
  • S&P Correction Started
  • Euro No Strength to Go Higher
  • Gold Not as Bullish as Many Think
  • Big Picture Summary

Review

Euro trapped in tight range inside the projected channel. It has not figured out what to do next.

S&P pullback started and it is very likely we will see more downside before it can find a weekly level bottom.

Gold could not move any higher since tagging my long term target even though so many gold bugs saying so these past few weeks.

Everything happening as expected. Volatility picked up. This will be an interesting election play going into November.

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