MBO Issue 123 (March 2022) SNAFU 2
By Lawrence
Content
- Review
- Euro on Its Way to Find Its Long Term Bottom
- S&P Down Trend Established
- Gold Upside Breakout
- Bitcoin Struggling to Form a Bottom
- 10-Year Note Yield Smashed
- Big Picture Summary
Review
Euro not able to clear the down channel bottom and went for the next lower channel bottom. Long term bottom building continue.
S&P stalled at the expected zone and flushed lower. So no cigar for the bulls who thought it will be one of those spike low reversal for all-time-high.
Gold got its upside breakout.
Bitcoin struggling even though gold has went much higher. The market is telling us something.
10-Year Note yield blocked at 2% with very strong reaction. What will Powell do given the crisis at Ukraine?
The war at Ukraine changed everything. It will be a critical month for many markets. Buckle up!
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