MBO Issue 119 (November 2021) Almost There
By Lawrence
Content
- Review
- Euro In A Waiting Game
- S&P Did Not Disappoint
- Gold Is Lagging Behind
- Bitcoin Has More Room To Go
- 10-Year Note Yield Suggests Yield Curve Control Is Here
- Big Picture Summary
Review
Euro struggling at its down channel bottom and trying hard to hold the midpoint of its rally from early 2020 as expected.
S&P weekly pullback indeed ended and push back up to the resistance line again.
Gold weekly triangle breakout setup still waiting.
Bitcoin got its all-time-high from a parabolic run after consolidated above September high for a week which is the best case scenario for bulls.
10-Year Note yield made a sudden down turn and helped the stock markets to push higher.
Interest rate threat has now subsided and Fed already indicated that no rate hike is considered at the moment.
So can this November be the time that everything flying to the moon?
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