MBO Issue 125 (May 2022) A New Trading Era

Content

• Review
• Euro Falling But How Far
• S&P Getting Near Its Support
• Gold Failed To Hold At Higher Support
• Bitcoin In Deepsh*t
• 10-Year Note Yield In Melt Up Phase
• Big Picture Summary

Review

Euro on its way to find its long term bottom as expected and the door to go much lower has been opened after failing to hold the expanded channel bottom.

S&P pullback from that steep bounce since last issue as expected and in turn failed to find support until retesting the year low zone. Things looking interesting from here due to the opportunities now becoming possible.

Gold continues to fail at finding support near the higher ground as I warned last time that it may be in transition to the ending phase of its mega rally.

Bitcoin failed to hold its year low so far and the crash setup suggested last time has been triggered.

10-year note yield pressed higher and surprised everyone who is not paying attention to the setup. Big question is whether Fed will do something now to contain the run.

I see this 2022 month of May to be something very different from the one we know that “Sell in May” was coined.

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