MBO Issue 108 (Dec 2020) In the Eye of a Hurricane
By Lawrence
Content
- Review
- Euro Shaping Up for More Upside
- S&P Reached the Minimal Quarterly Expansion Target
- Gold Consolidation Continues
- Big Picture Summary
Review
Euro held onto the original down channel resistance as support and challenging the up channel top at the moment. First surprise in a long time.
S&P did a similar violent swing around its first quarter top and ended up resolving to the upside. Last Friday S&P got the minimal upside target on quarterly.
As expected gold flushed back down to test its crime scene where the last push up started. Strong reaction there too.
Overall we are entering the holiday trading mode with thin volume which is normal during this time of the year.
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