MBO Issue 107 (Nov 2020) K-Shaped Recovery, Really?
By Lawrence
Content
- Review
- Euro Is Stuck
- S&P Weekly Pullback Time Window Is Over
- Gold Is Still In Consolidation
- Big Picture Summary
Review
Euro holding up at the down channel boundary as expected.
Weekly level rally resumed 2 days before US election. New all time high is expected from here soon. All happening as explained in last issue. (Added Nov 9th: As of today, good news from Pfizer sent SPX to new all time high.)
Gold continues to stay in stuck mode as expected while all these gold bugs keep talking about more upside quickly. Maybe they should really learn to read charts properly.
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